Thorvaldur Gylfason
Books and articles
Books in English
Nordics in Global Crisis (with Bengt Holmström, Sixten Korkman, Hans
Tson Söderström, and Vesa Vihriala), The Research Institute of the Finnish
Economy (ETLA), Taloustieto Oy, Helsinki, 2010. The book can be
downloaded in its
entirety. See back cover text
here.
Principles of Economic Growth,
Oxford University Press, Oxford, 1999, 188 pages.
Understanding Economic Growth,
SNS Förlag, Stockholm, 1998, 239 pages.
The Swedish Model under Stress: A View
from the Stands (with Torben Andersen, Seppo Honkapohja, Arne Jon Isachsen, and
John Williamson), SNS Förlag, Stockholm, 1997, 157 pages.
The Macroeconomics of European
Agriculture, Princeton Studies in International Finance, No.
78, International Finance Section, Princeton University, Princeton, N. J.,
1995, 51 pages.
Understanding the Market Economy
(with Arne Jon Isachsen and Carl B. Hamilton), Oxford University Press, Oxford, 1992, 243
pages.
Credit Policy and Economic Activity
in Developing Countries with IMF Stabilization Programs, Princeton Studies in
International Finance, No. 60, International Finance Section, Princeton University,
1987, 39 pages. Books in Icelandic
Two Worlds (Tveir
heimar), collection of 168 articles, Iceland University Press, Reykjavík,
2005.
The Future Is Another Country (Framtíđin er annađ
land),
collection of 42 essays on economics and related subjects, with introduction, Iceland
University Press, Reykjavík, 2001, 368 pages.
Trade
for Gain (Viđskiptin efla alla dáđ),
collection of 36 essays on economics and related subjects, Heimskringla, Language
and Culture, Reykjavík, 1999, 359 pages.
To
Build a Nation (Ađ byggja land),
three television programs dealing with aspects of the history of economic ideas in
Iceland, Iceland University Press, Reykjavík, 1998, 78 pages. Also available on
videotape. High Time (Síđustu
forvöđ), collection of 21 essays on economic theory and policy, with
introduction, Iceland University
Press, Reykjavík, 1995, 237 pages. Efficiency and Fairness (Hagkvćmni og réttlćti), collection of 32 essays on economic
theory and policy, Icelandic Literature Society, Reykjavík, 1993, 225 pages. Understanding the Market Economy (Markađsbúskapur, with Arne Jon Isachsen and Carl B.
Hamilton), Heimskringla, Language and Culture, Reykjavík, 1994, 286 pages. Political Economy and Culture
(Hagfrćđi, stjórnmál og menning), collection of 30 essays on
economic theory and policy, Icelandic Literature Society, Reykjavík, 1991, 203 pages. Public Interest (Almannahagur), collection of 75 essays on economic theory and
policy, Icelandic Literature Society (est. 1816), Reykjavík, 1990, 458 pages. Books in Swedish
The Swedish Model under Stress: A View
from the Stands (I otakt med omvärlden? Svensk ekonomi i ett
internationellt perspektiv), (with Torben Andersen, Seppo Honkapohja, Arne Jon
Isachsen, and John Williamson), SNS Förlag, Stockholm, 1997, 160 pages.
Understanding the Market Economy
(Omställning till marknad), (with Arne Jon Isachsen and Carl
B. Hamilton), SNS Förlag, Stockholm, 1994, 267 pages. Books in other languages Understanding
the Market Economy (with Arne Jon Isachsen and Carl B. Hamilton), also
available or forthcoming in fifteen other languages: Norwegian (Omstilling til marked.
Ökonomiske utfordringer), Oslo University Press, Oslo, 1992; Lithuanian (in a shorter version), Alna Litera, Vilnius,
1992;
Latvian, Zinatne, Latvian
Academy of Sciences, Riga, 1992;
Polish, Solidarity, Gdansk, 1992; Danish (Indfřring i markedsřkonomi),
Gad, Copenhagen, 1993;
Russian, West Publishing, Moscow,
1993;
Albanian, European Free Trade
Association, Geneva, 1994;
Estonian, Stragest, Tallinn,
1994;
Slovakian, Open Windows,
Bratislava, 1994;
Bulgarian, Bulgarian Academy of
Sciences, Sofia, 1994;
Hungarian, Akadémiai Kiadó,
Budapest, 1995;
Romanian, European Free Trade
Association, Geneva, 1995;
Chinese (special), Commercial
Press, Beijing, 1996;
Chinese (classical), Oxford
University Press, Oxford, 1999. Journal articles in English
Growing apart? A tale of two republics: Estonia and Georgia (with Eduard
Hochreiter), European Journal of Political Economy, June 2009.
A golden rule of
depreciation (with Gylfi Zoega),
Economics Letters, September 2007.
The
international economics of natural resources and growth,
Minerals and Energy, June 2007.
Why Europe
works less and grows taller,
Challenge, January-February
2007.
Natural resources and economic growth: The
role of investment (with Gylfi Zoega),
World Economy, August 2006.
How do India and China grow?,
Challenge,
January-February 2006.
Interview with Assar Lindbeck,
Macroeconomic Dynamics,
February 2006.
To grow or
not to grow: Why institutions
must make a difference,
CESifo DICE Report,
Summer
2004.
Monetary and fiscal management, finance, and
growth,
Empirica,
No. 2-3, 2004.
To grow or not to grow:
Is Africa different? No,
MEFMI Forum,
March 2004.
Education, social
equality and economic growth: A view of the landscape (with Gylfi Zoega),
CESifo
Economic Studies,
The real exchange rate always floats, Australian Economic Papers, December 2002.
Mother Earth: Ally or adversary?, World Economics, January-March 2002.
Does inflation matter for growth? (with Tryggvi Thor Herbertsson), Japan and the World Economy, December 2001.
Nature, power, and growth, Scottish Journal of Political Economy, November 2001.
Ownership and growth (with Tryggvi Thor Herbertsson and Gylfi Zoega), World Bank Economic Review, October 2001.
Natural resources, education, and economic development, European Economic Review, May 2001.
Fix or flex? Alternative exchange rate regimes
in an era of global capital mobility
Resources, agriculture, and economic growth in economies in transition, Kyklos, 4, 2000.
Growing apart, Journal of World Trade, August 2000.
A mixed blessing: Natural resources and economic growth (with Tryggvi Thor Herbertsson and Gylfi Zoega), Macroeconomic Dynamics, June 1999.
Exports, inflation, and economic growth, World Development, June 1999.
Unemployment, efficiency, and economic growth: The case of Finland, Ekonomiska samfundets tidskrift, 3, 1998.
Output gains from economic stabilization, Journal of Development Economics, June 1998.
Prospects for liberalization of trade in agriculture, Journal of World Trade, February 1998.
Reforms in Eastern Europe, Journal of World Trade, June 1995.
The interaction of monetary policy and wages (with Assar Lindbeck), Public Choice, April 1994.
Optimal saving, interest rates, and endogenous growth, Scandinavian Journal of Economics, December 1993.
The pros and cons of fishing fees: The case of Iceland (also in French, German, and Norwegian), EFTA Bulletin 3/4, European Free Trade Association, Geneva, 1992.
Understanding the market economy--Aspects of planning (with Arne Jon Isachsen and Carl B. Hamilton), Journal of World Trade, October 1992.
Privatization in Central and Eastern Europe (with Arne Jon Isachsen and Carl B. Hamilton), Skandinaviska Enskilda Banken Quarterly Review, No. 1/2, 1992.
Does devaluation make sense in the least developed countries? (with Marian Radetzki), Economic Development and Cultural Change, October 1991. (Lead article.)
Inflation, growth, and external debt: A view of the landscape, World Economy, September 1991.
Iceland on the outskirts of Europe: The common property resource problem, EFTA Bulletin 2, European Free Trade Association, Geneva, 1991.
Wages, money, and exchange rates with endogenous unions and governments (with Assar Lindbeck), Journal of Policy Modeling, Fall 1990.
Inflation and economic stagnation: A coincidence?, Skandinaviska Enskilda Banken Quarterly Review, No. 2, 1989.
Does exchange rate policy matter? European Economic Review, February/March 1987.
Endogenous unions and governments: A game-theoretic approach (with Assar Lindbeck), European Economic Review, February 1986. (Lead article.)
Does devaluation make sense? (also in Swedish), Skandinaviska Enskilda Banken Quarterly Review, No. 2, 1986.
Does devaluation improve the current account? (with Ole Risager), European Economic Review, June 1984.
Union rivalry and wages: An oligopolistic approach (with Assar Lindbeck), Economica, May 1984.
Competing wage claims, cost inflation, and capacity utilization (with Assar Lindbeck), European Economic Review, February 1984.
A synthesis of Keynesian, monetary, and portfolio approaches to flexible exchange rates (with John F. Helliwell), Economic Journal, December 1983.
Does devaluation cause stagflation? (with Michael Schmid), Canadian Journal of Economics, November 1983.
The political economy of cost inflation (with Assar Lindbeck), Kyklos, September 1982.
Interest rates, inflation, and the aggregate consumption function, Review of Economics and Statistics, May 1981.
A synthesis of monetary and Keynesian approaches to short-run balance-of-payments theory (with Jacob A. Frenkel and John F. Helliwell), Economic Journal, September 1980.
Fiscal policy, long-run stability, and aggregate supply, European Economic Review, May 1978.
Chapters in books in English
Development and growth in mineral-rich countries, in Sustainable Growth and Resource Productivity: Economic and Global Policy Issues, eds. Raimund Bleischwitz, Paul J.J. Welfens and ZhongXiang Zhang, Greenleaf-Publishing, London, 2009.
Determinants of economic growth: A comparative analysis of Estonia and Georgia (with Eduard Hochreiter), in Economic Transformation of Central and Eastern European Countries, Conference Proceedings, Faculty of Economics of Vilnius University, Lithuania, 2008.
Privatization, efficiency, and economic growth, in The Socio-Economic Transformation: Getting Closer to What?, eds. Zbigniew Nahorski, Jan W. Owsinski, and Tomasz Szapiro, Palgrave (MacMillan), London, 2007.
Institutions, human capital, and diversification of rentier economies, in Dead Ends of Transition: Rentier Economies and Protectorates, eds. Michael Dauderstädt and Arne Schildberg, Campus, Frankfurt/Main 2006.
The road from agriculture (with Gylfi Zoega), in Institutions for Development and Growth, eds. Theo Eicher og Cecilia García-Peńalosa, MIT Press, Cambridge, Massachusetts, 2006.
Natural resources and economic growth: From dependence to diversification, in Economic Liberalization and Integration Policy: Options for Eastern Europe and Russia, eds. Harry G. Broadman, Tiiu Paas, and Paul J. J. Welfens, Springer, Heidelberg and Berlin, 2005.
Inequality and economic growth: Do natural resources matter? (with Gylfi Zoega), in Inequality and Growth: Theory and Policy Implications, eds. Theo Eicher and Stephen Turnovsky, MIT Press, Cambridge, Massachusetts, 2003.
Lessons from the Dutch disease: Causes, treatment, and cures, in Paradox of Plenty: The Management of Oil Wealth, Report 12/02, ECON, Centre for Economic Analysis, Oslo, 2002.
Natural resources and economic growth: What is the connection?, in Fostering Sustainable Growth in Ukraine, eds. Stephan von Cramon-Taubadel and Iryna Akimova, Physica-Verlag (A Springer-Verlag Company), Heidelberg and New York, 2002.
Education, social equality, and economic growth: A view of the landscape (with Gylfi Zoega), in Education + Training => Knowledge + Innovation => Economic + Social Growth, Proceedings of the 3rd International Conference organized by the Athens Institute for Education and Research, ed. Gregory T. Papanikos, Athens, 2001.
A Nordic perspective on natural resource abundance, in Resource Abundance and Economic Development, ed. Richard M. Auty, Oxford University Press, Oxford and New York, 2001.
Nordic integration and European integration, in Regionalism in Europe: Geometries and Strategies After 2000, ed. Jürgen von Hagen and Mika Widgrén, Kluwer Academic Publishers, Boston, Dordrecht, and London, 2001.
Natural resources and economic growth: A Nordic perspective on the Dutch disease, in Macroeconomic Policy: Iceland in an Era of Global Integration, ed. Mar Gudmundsson, Tryggvi Thor Herbertsson, and Gylfi Zoega, Iceland University Press, Reykjavík, 2000.
Privatization, efficiency, and economic growth, in Economic Transformation and Integration: Problems, Arguments, Proposals, ed. R. Kulikowski, Z. Nahorski, and J.W. Owsinski, Systems Research Institute, Warsaw, 1998.
Iceland (with others), Colliers Encyclopedia, Vol. 12, 1997.
Structural adjustment, efficiency, and economic growth, Ch. 8 in The Transition to a Market Economy: Transformation and Reform in the Baltic States, ed. Tarmo Haavisto, Edward Elgar, London, 1997.
Integration between East and West: How deep? How soon?, in 35 Years of Free Trade in Europe: Messages for the Future, ed. Emil Ems, European Free Trade Association, Geneva, 1995.
Optimal saving, interest rates, and endogenous growth, in Endogenous Growth, ed. Torben M. Andersen and Karl O. Moene, Blackwell, Oxford, 1993.
Output gains from economic liberalization: A simple formula, Ch. 4 in The Political Economy of the Transition Process in Eastern Europe, ed. Laszlo Somogyi, Edward Elgar, London, 1993.
Iceland on the outskirts of Europe: The common property resource problem, in EFTA Countries in a Changing Europe, European Free Trade Association, Geneva, 1991.
Exchange rate policy, inflation, and unemployment: The Nordic EFTA countries, Ch. 4 in Victor Argy and Paul de Grauwe (eds.), Choosing an Exchange Rate Regime: The Challenge for Smaller Industrial Countries, International Monetary Fund, 1990.
Short articles, comments, and discussion in English
Eleven lessons from Iceland, VoxEU.org, 13 January 2010.
The Nordics in global crisis (with Bengt Holmström, Sixten Korkman, Hans Tson Söderström, and Vesa Vihriälä), VoxEU.org, 10 January 2010.
Iceland: After the fall, Milken Institute Review, First Quarter 2010.
Governance, Iceland, and the IMF, VoxEU.org, September 2009.
Is Iceland too small?, VoxEU.org, August 2009.
Iceland warms to Europe, VoxEU.org, July 2009.
A less-is-more growth strategy for Africa, Project Syndicate, 2009.
How many monies does Africa need?, VoxEU.org, May 2009, and Africagrowth Agenda, 2009.
The Phillips Curve at fifty: Introduction (with Dennis J. Snower), European Economic Review, November-December 2008.
Governance and growth: Why does Georgia lag behind Estonia? (with Eduard Hochreiter), VoxEU.org, 2 August 2008.
Iceland and its financial predicament: History and context, VoxEU.org, 10 July 2008.
Oil management: Norway's example, Africagrowth Agenda, 2008.
Norway's Wealth: Not Just Oil, VoxEU.org, 6 June 2008.
Skating on thin ice?, VoxEU.org, 7 April 2008.
When Iceland was Ghana, VoxEU.org, 25 January 2008, and Africagrowth Agenda, April-June 2008.
Dwindling fish: What's the catch?, VoxEU.org, 16 January 2008.The price of petrol: Getting it right, Africagrowth Agenda, 2007.
Growing apart: Zambia and Thailand, Africagrowth Agenda, 2007.
A tribute to the founders (with Z. Eckstein, E. Gal-Or, G. A. Pfann, and J. von Hagen), European Economic Review, 2006.
The Dutch disease: Lessons from Norway, Contact, a quarterly magazine published by The Trinidad Tobago Chamber of Commerce and Industry, 2006.
Legal-political factors and the historical evolution of the finance-growth link: Comment on a paper by Michael D. Bordo and Peter L. Rousseau, appeared in Working Paper No. 107, Österreichische Nationalbank, 2006.
New monopsony, institutions and training: Comment on a paper by Alison L. Booth, Marco Francesconi, and Gylfi Zoega, in Labour Market Adjustments in Europe, eds. J. Messina, C. Michelacci, J. Turunen, and G. Zoega, Edward Elgar Publishing, London, 2006.
The potential consequences of alternative exchange rate regimes – A study of three candidate regions: Comment, appeared in publications from the Banco Central de Chile and Österreichische Nationalbank, Working Paper No. 76, 2002.
The welfare state and economic incentives: Discussion, in Macroeconomic Perspectives on the Danish Economy, eds. Torben M. Andersen, Svend E. H. Jensen, and Ole Risager, MacMillan, London, 1999.
The economics of poverty in poor countries, Scandinavian Journal of Economics, March 1998.
A domino theory of regionalism, in Expanding Membership of the European Union, ed. Richard E. Baldwin, Pertti Haaparanta, and Jaakko Kiander, Cambridge University Press and CEPR, 1995.
EFTA countries, in Reviving the European Union, ed. C. Randall Henning, Edi Hochreiter, and Gary Clyde Hufbauer, Institute for International Economics, Washington, D.C., 1994.
Achieving an integrated Europe, in Patterns of Production and Trade in the New Europe, European Free Trade Association, Geneva, 1993.
Saving, investment, and the current account, Scandinavian Journal of Economics, June 1992. Also in Savings Behavior: Theory, International Evidence and Policy Implications, ed. Erkki Koskela and Jouko Paunio, Blackwell, Oxford, 1992.
Policy coordination in the EMS with stochastic asymmetries, in Financial Regulation and Monetary Arrangements after 1992, Contributions to Economic Analysis No. 204, ed. Clas Wihlborg, Michele Fratianni, and Thomas D. Willett, North-Holland, Amsterdam, 1991.
Introduction,
European Economic Review,
Workers vs. government, Scandinavian Journal of Economics, June 1985.
Counter-inflationary policy in a unionized economy, Scandinavian Journal of Economics, June 1985.
Profitability and growth, Scandinavian Journal of Economics, June 1982.
Articles in Icelandic
When Iceland was Ghana, Ţróunarmál, 2008.
Europe: Less work, more growth, Skírnir, journal of the Icelandic Literary Society, spring 2007.
Opposite views, chapter in a conference volume published by the Institute for International Affairs, University of Iceland, 2007.
Awakening giants: India and China, Skírnir, journal of the Icelandic Literary Society, autumn 2006.
Growth to measure, Hagmál, 2006.
Economic policy, finance, and growth, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), January-June 2005.
The real exchange rate floats, even if the nominal exchange rate is fixed, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), January-June, 2002.
Should exchange rates be fixed or flexible? Alternative exchange rate arrangements under perfect capital mobility, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), July-December 2001.
Growing apart, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), 2000.
Natural wealth, exports, and Europe, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), January-June 1999.
Economic policy and growth prospects at the turn of the century, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), July-December 1998.
Agricultural protection: No relief in sight yet?, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), July-December 1997.
The trail-blazer, in Who is who in economics and business administration? (Viđskipta- og hagfrćđingatal), 1997.
Exports, inflation, and economic growth, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), January-June 1996.
Trade between East and West: How free? How soon?, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), July-December 1995.
Reforms in the East, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), January-June 1995.
Farm protection in Europe: What it costs and where it leads, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), January-June 1994.
The Nordic economies in crisis: What went wrong?, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), August-December 1993.
Economic growth and external debt, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), May-July 1993.
Banks: From public to private ownership, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), January-April 1993.
Privatization in Central and Eastern Europe, with Arne Jon Isachsen and Carl B. Hamilton), Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), August-December 1992.
Output gains from economic liberalization: A simple formula, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), August-December 1992.
Fishing fees and exchange rates, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), January-April 1992.
Finance and culture, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), May-July 1991.
Iceland on the outskirts of Europe: A common property resource at stake?, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), January-April 1991.
Exchange rate policy, inflation, and unemployment: The Experience of the Nordic EFTA countries, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), January-April 1990.
Inflation, growth, and external debt, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), May-August 1989.
Exchange rate policy and inflation, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), May-August 1988.
Economics since Keynes: A positive science?, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), May-August 1988.
Should a currency be devalued?, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), January-April 1986.
Recent developments in macroeconomics, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), January-April 1985.
The role of government and labor in resistance against inflation, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), January-April 1984.
Wage claims and cost inflation, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), August-December 1981.
Inflation, interest, and economic activity, Central Bank of Iceland Financial Bulletin (Fjármálatíđindi), August-December 1978.
Articles in Swedish
Interview with Assar Lindbeck, Ekonomisk Debatt, No. 7, 2005.
Nature and growth, Ekonomisk Debatt, No. 7, 2001.
It doesn't have to take that long, Företag och samhälle, 3/97.
Sweden: A view from the stands, Företag och samhälle, 1/97.
The finance plan and economic policy, Ekonomisk Debatt 1, 1997.
The alphabet of economic growth, in Jan Herin (ed.), Looking for the Factor X (Pĺ jakt efter faktor X), Swedish Employers Association, Stockholm, 1996.
Reforms in the East, in Economic Policy, Festschrift for Assar Lindbeck, SNS Förlag, Stockholm, 1995.
Swedish exchange rate policy in an international perspective: Comment, in Devaluation 1982, ed. Lars Jonung, SNS Förlag, Stockholm, 1991.
Inflation and economic stagnation: A coincidence?, Skandinaviska Enskilda Banken Quarterly Review, No. 2, 1989.
The finance plan and economic policy, Ekonomisk Debatt 3, 1987.
Stabilization policy in small open economies: Comment, Yearbook, Nordic Economic Research Council, 1986.
Does devaluation make sense?, Skandinaviska Enskilda Banken Quarterly Review, No. 2, 1986.
Inflation and the labor market organizations, Nationalřkonomisk tidsskrift, No. 3, 1984.
The co-responsibility of government and labor market organizations for inflation and unemployment, Nationalřkonomisk tidsskrift, No. 3, 1984.
Articles in other languages
The international economics of natural resources and growth (in Russian), Ekonomicheskii zhurnal Vysshei shkoly ekonomiki (Economic Journal of the Higher School of Economics), September 2008.
Research in progress
Growing Apart? A Tale of Two Republics: Estonia and Georgia (with Eduard Hochreiter), CESifo Working Paper No. 2155, December 2007. Also IMF Working Paper No. 08/235, September 2008.
Mixed blessings: Does Africa differ from the rest of the world? (in progress).
Icelandic fisheries management: Fees vs. quotas (with Martin Weitzman), presented at a conference on Small Island Economies at Harvard University 20 May 2002, and has been circulated as CEPR Discussion Paper No. 3849, March 2003.
Small states in the global economy: What are the issues?, presented at a conference on Small Island Economies at Harvard University 20 May 2002.
The path of output from plan to market (in progress).
Icelandic economists: Have they made a difference? A personal view, Working Paper No. W97:01, Institute of Economic Studies, University of Iceland, 1997. Danish version published in Nationalřkonomisk tidsskrift, 2000.
Okuns Law and labor-market rigidity: The case of Sweden, SNS Occasional Paper No. 79, 1997.
Reports
Nature, power, and growth, ECON Report 3, ECON, Oslo, January 2000.
A cost-benefit analysis of exchange rate arrangements (with Patrick Honohan and Philip Lane), report for the European Commisson, unpublished, 1998.
Okuns Law and labor-market rigidity: The case of Sweden, SNS Occasional Paper No. 79, 1997.
The Nordic economies in crisis: What went wrong?, Report 2, Nordic Economic Research Council, 1995.
Three priorities for successful reform in Romania: An outside perspective on the problems of transition to a market economy in Romania (with Per Schreiner and Per Ronnĺs), report for the Government of Romania, sponsored by EFTA, unpublished, 1994. Also in Romanian.
The effect of exchange rates on the balance of trade in ten industrial
countries, International Monetary Fund, Departmental Memorandum, DM/78/90,
1978.
Interest, inflation, and unemployment, International Monetary Fund, Departmental Memorandum, DM/78/40, 1978.
Publications on music
and theater in IcelandicThe jealous clown, Icelandic Opera Program (Leikskrá Íslensku óperunnar), 2008 (deals with Cav and Pag).
Hearts and minds, Lesbók Morgunblađsins, September 2002 (deals with George Bernard Shaw and Tom Stoppard)
Tchaikovsky and Eugene Onegin, Icelandic Opera Program (Leikskrá Íslensku óperunnar), 1993.
Opera: For whom?, Opera News (Óperublađiđ), 1993.
Verdi and Wagner: What did they think of each other?, Opera News (Óperublađiđ), 1992.
Verdi and Otello, Icelandic Opera Program (Leikskrá Íslensku óperunnar), 1992.
Rigoletto: One of the most popular operas of all times, Icelandic Opera Program (Leikskrá Íslensku óperunnar), 1991.
Opera news from New York, Opera News (Óperublađiđ), 1990.
Leoncavallo and Pagliacci, Icelandic Opera Program (Leikskrá Íslensku óperunnar), 1989.
The most popular operas of all times, Opera News (Óperublađiđ), 1988.
Verdi and Aida, Icelandic Opera Program (Leikskrá Íslensku óperunnar), 1986.
Miscellaneous writings
About 500 articles for newspapers and magazines, mainly Fréttablađiđ and Morgunblađiđ, Iceland´s largest daily newspapers, and Vísbending, Iceland's main weekly economic affairs magazine, and also foreign newspapers, namely Aftenposten (Oslo, Norway), Dagens Nćringsliv (Oslo, Norway), Bergens Tidende (Bergen, Norway), Dagens Nyheter (Stockholm, Sweden), Sydsvenska Dagbladet (Malmö, Sweden), El Comercio (Lima, Peru), El Mercurio (Santiago, Chile), El Observador (Montevideo, Uruguay), El Panamá América (Panama City, Panama), and New Vision (Uganda); these are the main daily newspapers in the cities mentioned — and also in some internet publications, including Libertad digital in Madrid, Todito.com in Mexico, and Venezuela Analítica in Caracas.