Browsing BI Open by Author "Larsen, Vegard Høghaug"
Now showing items 1-9 of 9
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Asset Returns, News Topics, and Media Effects
Larsen, Vegard Høghaug; Thorsrud, Leif Anders (Peer reviewed; Journal article, 2021)We decompose the textual data in a daily Norwegian business newspaper into news topics and investigate their predictive and causal role for asset prices. Our findings suggest that news published through the mass media has ... -
Components of Uncertainty
Larsen, Vegard Høghaug (CAMP Working Paper Series;4/2017, Working paper, 2017)Uncertainty is acknowledged to be a source of economic fluctuations. But, does the type of uncertainty matter for the economy's response to an uncertainty shock? This paper offers a novel identfication strategy to ... -
Components of Uncertainty
Larsen, Vegard Høghaug (Journal article; Peer reviewed, 2021)Uncertainty is acknowledged to be a source of economic fluctuations. But, does the type of uncertainty matter for the economy’s response to an uncertainty shock? This paper offers a novel identification strategy to disentangle ... -
Macroeconomic uncertainty and bank lending
Juelsrud, Ragnar Enger; Larsen, Vegard Høghaug (Peer reviewed; Journal article, 2023)We investigate the impact of macro-related uncertainty on bank lending in Norway. We show that an increase in general macroeconomic uncertainty reduces bank lending. Importantly, however, we show that this effect is largely ... -
Narrative Monetary Policy Surprises and the Media
Thorsrud, Leif Anders; Larsen, Vegard Høghaug; ter Ellen, Saskia (Journal article; Peer reviewed, 2020)This paper should not be reported as representing the views of Norges Bank. The views expressed are those of the authors and do not necessarily reflect those of Norges Bank. Helene Olsen provided valuable research assistance, ... -
News media versus FRED-MD for macroeconomic forecasting
Ellingsen, Jon; Larsen, Vegard Høghaug; Thorsrud, Leif Anders (Peer reviewed; Journal article, 2021)Using a unique dataset of 22.5 million news articles from the Dow Jones Newswires Archive, we perform an in depth real-time out-of-sample forecasting comparison study with one of the most widely used data sets in the newer ... -
News-driven inflation expectations and information rigidities
Larsen, Vegard Høghaug; Thorsrud, Leif Anders; Zhulanova, Julia (Journal article; Peer reviewed, 2020)Using a large news corpus and machine learning algorithms we investigate the role played by the media in the expectations formation process of households, and conclude that the news topics media report on are good predictors ... -
Where do they care? The ECB in the media and inflation expectations
Larsen, Vegard Høghaug; Maffei-Faccioli, Nicolò; Pagenhardt, Laura (CAMP Working Paper Series;04/2023, Working paper, 2023-05-10)This paper examines how news coverage of the European Central Bank (ECB) affects consumer inflation expectations in the four largest euro area countries. Utilizing a unique dataset of multilingual European news articles, ... -
Where do they care? The ECB in the media and inflation expectations
Larsen, Vegard Høghaug; Maffei-Faccioli, Nicolo; Pagenhardt, Laura (Journal article; Peer reviewed, 2023)This paper examines how news coverage of the European Central Bank (ECB) affects consumer inflation expectations in the four largest euro area countries. Utilizing a unique dataset of multilingual European news articles, ...