Research Department, Norges Bank
Sigurd Mølster Galaasen
Researcher working on quantitative macroeconomics, public finance, growth, banking, household finance, and labor markets.
Publications
- Pension reform disabled The Scandinavian Journal of Economics, 123(4), 1227-1260, 2021.
- R&D Heterogeneity and the Impact of R&D Subsidies With Alfonso Irarrazabal. The Economic Journal, 131(640), 3338-3364, 2021.
- Spousal Spillover in the Labor Market: A Structural Assessment With Herman Kruse. Review of Economic Dynamics, 58, 2025.
Working Papers and Work in Progress
- The dynamics of stock market participation With Akash Raja. R&R, Review of Financial Studies. Norges Bank Working Paper 5/2024.
- HANKSSON With Florin Bilbiie, Refet Gürkaynak, Mathis Mæhlum, and Krisztina Molnar. Revision requested, Quarterly Journal of Economics. CEPR 2025.
- Granular Credit Risk With Rustam Jamilov, Ragnar Juelsrud, and Hélène Rey. NBER working paper.
- The Cash-Flow Channel of Monetary Policy - Evidence from Billions of Transactions With SeHyoun Ahn and Mathis Mæhlum. Norges Bank Working Paper 20/2024.
- The Labor Supply Curve is Upward Sloping: The Effects of Immigrant-Induced Demand Shocks With Andreas Kostøl, Joan Monras, and Jonathan Vogel. NBER working paper, 2025.
- Firm Pay and Consumption Inequality With Andreas Kostøl and Michael Simmons. Draft, 2025.
- Structural Stress Tests With Dean Corbae, Pablo D'Erasmo, Alfonso Irarrazabal, and Thomas Siemsen.
Older Work and Policy Memos
- Employment trends in NorwayWith Luca Fosso and Nicolai Ellingsen. Norges Bank Staff Memo 1/2024.
- Langvarige konsekvenser i arbeidsmarkedetWith Nicolai Ellingsen. Norges Bank Staff Memo 1/2021.
- Targeted Countercyclical Capital BuffersWith Haakon Solheim. Norges Bank Staff Memo 13/2018.
- Cyclical Capital Regulation and Dynamic Bank BehaviorWith Rønnaug M. Johansen. Norges Bank Staff Memo 22/2016.
- Retirement and benefit claiming with heterogeneous agentsAnalyzing the macroeconomic effects of the Norwegian pension reform. Draft, 2014.
- Essays on quantitative macroeconomics with heterogeneous agentsPh.D. dissertation.