Browsing BI Research Centre's Series by Author "Thorsrud, Leif Anders"

Now showing items 21-24 of 24

    • The Value of News 

      Larsen, Vegard H.; Thorsrud, Leif Anders (CAMP Working Paper Series;6/2015, Working paper, 2015)
      We decompose a major business newspaper according to the topics it writes about, and show that the topics have predictive power for key economic variables and, especially noteworthy, for asset prices. Unexpected ...

    • The world is not enough! Small open economies and regional dependence 

      Aastveit, Knut Are; Bjørnland, Hilde C.; Thorsrud, Leif Anders (CAMP Working Paper Series;3/2011, Working paper, 2011)
      This paper bridges the new open economy factor augmented VAR (FAVAR) studies with the recent findings in the business cycle synchronization literature emphasizing the importance of regional factors. That is, we estimate ...

    • What drives oil prices? Emerging versus developed economies 

      Aastveit, Knut Are; Bjørnland, Hilde C.; Thorsrud, Leif Anders (CAMP Working Paper Series;2/2012, Working paper, 2012)
      We analyze the importance of demand from emerging and developed economies as drivers of the real price of oil over the last two decades. Using a factor-augmented vector autoregressive (FAVAR) model that allows us to ...

    • Words are the new numbers: A newsy coincident index of business cycles 

      Thorsrud, Leif Anders (CAMP Working Paper Series;4/2016, Working paper, 2016)
      In this paper I construct a daily business cycle index based on quarterly GDP and textual information contained in a daily business newspaper. The newspaper data is decomposed into time series representing newspaper topics ...