Publication bonus

The NFI Publication Bonus provides incentives for outstanding research in financial economics by faculty members at universities or equivalent institutions (vitenskapelige høgskoler) in Norway.

The NFI Publication Bonus is an incentive for researchers to publish in leading, international peer-reviewed journals. Norges Bank Investment Management has a long-term interest in the pursuit of excellence in financial economics carried out by individuals and academic institutions close to us.

The publication bonus

The publication bonus is up to NOK 400,000 per author for publications in first-tier journals and up to NOK 150,000 per author for publications in second-tier journals. The amount per author will be a function of the number of co-authors on the publication.

Eligibility

A qualifying first-tier publication is an article published in one of the eligible finance journals listed below, or an article deemed to be within the field of financial economics published in one of the eligible economics journals listed below.

The eligible first-tier finance journals are:

  • Journal of Finance
  • Review of Financial Studies
  • Journal of Financial Economics

The eligible first-tier economics journals are:

  • Econometrica
  • Journal of Political Economy
  • American Economic Review
  • Quarterly Journal of Economics
  • Review of Economic Studies

A qualifying second-tier publication is an article published in one of the eligible finance journals listed below, or an article deemed to be within the field of financial economics published in one of the eligible economics journals listed below.

The eligible second-tier finance journals are:

  • Review of Finance
  • Journal of Financial and Quantitative Analysis
  • The Journal of Financial Intermediation
  • The Review of Asset Pricing Studies

The eligible second-tier economics journals are:

  • Journal of Monetary Economics
  • Journal of Economic Theory
  • Journal of Business and Economic Statistics
  • American Economic Journal - Macroeconomics (AEJ-Macro)

Authors must have their primary place of work, defined as minimum 80 per cent of a full-time position, at a university or equivalent institution (vitenskapelige høgskoler) in Norway at acceptance date to be eligible for the publication bonus.

It is also a condition that the author's primary place of work continues to be at a university or equivalent institution (vitenskapelige høgskoler), in order to receive the annual payment of each instalment of the publication bonus. It is further a requirement that this academic institution is the primary affiliation cited in the printed article. If an author is affiliated with other research organisations in the printed article, these must be uncompensated.

Assessment

The assessment of whether articles accepted for publication in economics journals are considered to be within the field of financial economics will be based on the recommendations of the Scientific Advisory Board.

Applications

Applications for the publication bonus can be submitted at all times of the year, and will be considered on an ongoing basis. However, applications must be submitted no later than 12 months after the article has been published by a journal.

Eligible authors can apply for the publication bonus by submitting the application form and required attachments to the NFI administration.

Fill out the application form and send your application with required attachments to [email protected]

For more information please contact:

Anne Misje
E-mail: [email protected]
Phone: +47 2407 3178

Publication bonuses awarded 2019

Kristian Støre (Nord Universitet) was awarded the NFI Publication Bonus for the article "Real-Option Valuation in Multiple Dimensions Using Poisson Optional Stopping Times" forthcoming in the Journal of Financial and Quantitative Analysis. The article is co-authored by Rutger-Jan Lange and Daniel Ralph.

Sven Klingler (BI) was awarded the NFI Publication Bonus for the article "An Explanation of Negative Swap Spreads: Demand for Duration from Underfunded Pension Plans" forthcoming in the Journal of Finance. The article is co-authored by Suresh Sundaresan.

Walter Pohl (NHH) was awarded the NFI Publication Bonus for the article "Higher Order Effects in Asset Pricing Models with Long-Run Risks" in the Journal of Finance. The article is co-authored by Karl Schmedders and Ole Wilms.  

Adrien Vigier (BI) was awarded the NFI Publication Bonus for the article "Learning about Analysts" in the Journal of Economic Theory. The article is co-authored by Jesper Rüdiger.

Nils Friewald (NHH) was awarded the NFI Publication Bonus for the article "Over-the-Counter Market Frictions and Yield Spread Changes" in the Journal of Finance. The article is co-authored by Florian Nagler.