Contributor(s): Siv Jensen | The low oil price is testing the Norwegian economy’s flexibility and ability to re-adjust. Economic policy should facilitate restructuring and stimulate productivity growth. Open and well-functioning markets – both domestically and internationally – are important to succeed. Siv Jensen (@Siv_Jensen_FrP) is Norwegian Minister of Finance, a position she has held since October 2013. She is a long serving member of the Norwegian Parliament and leader of the Progress Party. In Parliament, Ms Jensen has served as member of the Committee of Foreign Affairs and Defence and Chair of the Financial Committee. She started her political career as member of Oslo City Council. Iain Begg is Professorial Research Fellow at the European Institute, LSE. The LSE European Institute (@LSEEI) was established in 1991 as a dedicated centre for the interdisciplinary study of processes of integration and fragmentation within Europe. In the most recent national Research Excellence Framework (REF 2014) the Institute was ranked first for research in its sector.