Now showing items 151-170 of 329

    • Laddering in Initial Public Offering Allocations 

      Fjesme, Sturla Lyngnes (CCGR Working Paper;2/2011, Working paper, 2011)
      Tying Initial Public Offering (IPO) allocations of common stock to after-listing purchases in the IPO shares, a process referred to as IPO laddering, has resulted in large-scale investigations of the major investment ...
    • Large Time-Varying Volatility Models for Electricity Prices 

      Gianfreda, Angelica; Ravazzolo, Francesco; Rossini, Luca (CAMP Working Paper Series;05/2020, Working paper, 2020-07-02)
      We study the importance of time-varying volatility in modelling hourly electricity prices when fundamental drivers are included in the estimation. This allows us to contribute to the literature of large Bayesian VARs by ...
    • The leverage-liquidity trade-of mortgage regulation 

      Aastveit, Knut Are; Enger Juelsrud, Ragnar; Getz Wold, Ella (HOFIMAR Working Paper Series;4/2023, Working paper, 2023)
      We evaluate the impact of loan-to-value restrictions on household financial vulnerability. Using Norwegian tax data, we first document a beneficial leverage effect, in which households respond to the regulation by reducing ...
    • Like før det smeller? Om globale ubalanser 

      Isachsen, Arne Jon (CME Working paper series;4/2006, Working paper, 2006)
      Hensikten med dette notatet er å fortelle ulike historier om voksende globale ubalanser. Tilliten til den amerikanske dollar vil snart glippe. Vi står foran et kollaps i rente- og valutamarkeder. Verden kastes ut i turbulente ...
    • Liquidity and Shareholder Activism 

      Norli, Øyvind; Østergaard, Charlotte; Schindele, Ibolya (CCGR Working Paper;1/2014, Working paper, 2014)
      Blockholders' incentives to intervene in corporate governance are weakened by free-rider problems and high costs of activism. Theory suggests activists may recoup expenses through informed trading of target firms' stock ...
    • Liquidity and Shareholder Activism 

      Norli, Øyvind; Ostergaard, Charlotte; Schindele, Ibolya (CCGR Working Paper, Working paper, 2009)
      This paper documents that stock liquidity improves shareholders’ incentive to monitor management. Using a hand-collected sample of contested proxy solicitations and shareholder proposals as occurrences of shareholder ...
    • Local economic development and oil discoveries 

      Hamang, Jonas Hveding (CAMP Working Paper Series;03/2022, Working paper, 2022-09-15)
      In this paper I use data on the location of all historic petroleum discoveries onshore to establish a new stylized fact: Economically developed areas are significantly more likely (about five percentage points) to contain ...
    • Local Institutional Design in the Shadow of the Market 

      Leiren, Merethe Dotterud (CEAS Reports;2/2011, Working paper, 2011)
      This paper was presented at the Workshop “The Future of the Regulatory State: Adaptation, Transformation, or Demise?” in Oslo, 16 September 2011.
    • Local Natural Resource Curse? 

      Borge, Lars-Erik; Parmer, Pernille; Torvik, Ragnar (CAMP Working Paper Series;5/2013, Working paper, 2013)
      The large variation in revenues among Norwegian local governments can partly be explained by revenues collected from hydropower production. This revenue variation, combined with good data availability, can be used to ...
    • Look to England 

      Isachsen, Arne Jon (CME Working paper series;2/1998, Working paper, 1998)
    • Lost in transition? Earnings losses of displaced petroleum workers 

      Ellingsen, Jon; Espegren, Caroline (CAMP Working Paper Series;06/2022, Working paper, 2022-12-01)
      We estimate the earnings losses of displaced petroleum workers using a matched employer-employee longitudinal data set from Norway, coupled with an event-study framework of the oil price drop in 2014. Displacement leads ...
    • Macroeconomic Forecasting with Large Stochastic Volatility in Mean VARs 

      Cross, Jamie L.; Hou, Chenghan; Koop, Gary; Poon, Aubrey (CAMP Working Paper Series;04/2021, Working paper, 2021-06-15)
      Vector autoregressions with stochastic volatility in both the conditional mean and variance are commonly used to estimate the macroeconomic effects of uncertainty shocks. Despite their popularity, intensive computational ...
    • Macroeconomic uncertainty and bank lending 

      Juelsrud, Ragnar E.; Larsen, Vegard H. (CAMP Working Paper Series;05/2022, Working paper, 2022-11)
      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 ...
    • Macroeconomics in the time of the Corona 

      Mehlum, Halvor; Torvik, Ragnar (CAMP Working Paper Series;04/2020, Working paper, 2020-06)
      For a developed market economies, the corona crisis is a new type of crisis, but this crisis has parallels to economies at other times, and to crises at other places. We discuss some mechanisms from the traditional macro ...
    • Markov Switching Panel with Network Interaction Effects 

      Agudze, Komla Mawulom; Billio, Monica; Casarin, Roberto; Ravazzolo, Francesco (CAMP Working Paper Series;1, Working paper, 2018-01)
      The paper introduces a new dynamic panel model for large data sets of time series, each of them characterized by a series-specific Markov switching process. By introducing a neighbourhood system based on a network ...
    • Measuring sovereign contagion in Europe 

      Caporin, Massimiliano; Pelizzon, Loriana; Ravazzolo, Francesco; Rigobon, Roberto (CAMP Working Paper Series;4/2012, Working paper, 2014-06-24)
      This paper analyzes the sovereign risk contagion using credit default swaps (CDS) and bond premiums for the major eurozone countries. By emphasizing several econometric approaches (nonlinear regression, quantile regression ...
    • Mending the broken link: heterogeneous bank lending and monetary policy pass-through 

      Altavilla, Carlo; Canova, Fabio; Ciccarelli, Matteo (CAMP Working Paper Series;9/2016, Working paper, 2016)
      We analyze the pass-through of monetary policy measures to lending rates to fi rms and households in the euro area using a novel bank-level dataset. Banks characteristics such as the capital ratio, the exposure to sovereign ...
    • Mens vi venter på euroen 

      Isachsen, Arne Jon (CME Working paper series;3/1999, Working paper, 1999)
    • Mind the gap! Stylized dynamic facts and structural models. 

      Canova, Fabio; Ferroni, Filippo (CAMP Working Paper Series;13/2018, Working paper, 2018-12-11)
      We study what happens to identified shocks and to dynamic responses when the structural model features q disturbances and m endogenous variables, q ≤ m, but only m1 < q variables are used in the empirical model. Identified ...
    • Modelling Occasionally Binding Constraints Using Regime-Switching 

      Binning, Andrew; Maih, Junior (CAMP Working Paper Series;9, Working paper, 2017-12)
      Occasionally binding constraints are part of the economic landscape: for instance recent experience with the global financial crisis has highlighted the gravity of the lower bound constraint on interest rates; mortgagors ...