• Uncertainty and the Term Structure of Interest Rates 

      Cross, Jamie L.; Poon, Aubrey; Zhu, Dan (CAMP Working Paper Series;12/2023, Working paper, 2023-10-13)
      We present a new stylized fact about the link between uncertainty and the term structure of interest rates: Unexpectedly heightened uncertainty elicits a lower, steeper, and flatter yield curve. This result is established ...
    • Unveiling inflation: Oil Shocks, Supply Chain Pressures, and Expectations 

      Aastveit, Knut Are; Bjørnland, Hilde C.; Cross, Jamie L.; Kalstad, Helene Olsen (CAMP Working Paper Series;05/2024, Working paper, 2024-07-05)
      This paper demonstrates that inflation expectations have acted as significant amplifiers of recent global demand and supply shocks, thereby playing a crucial role in maintaining inflation at relatively high levels. This ...
    • Using Entropic Tilting to Combine BVAR Forecasts with External Nowcasts 

      Krüger, Fabian; Clark, Todd E.; Ravazzolo, Francesco (CAMP Working Paper Series;8/2015, Working paper, 2015)
      This paper shows entropic tilting to be a flexible and powerful tool for combining mediumterm forecasts from BVARs with short-term forecasts from other sources (nowcasts from either surveys or other models). Tilting ...
    • Voting When the Stakes Are High 

      Andersen, Jørgen Juel; Fiva, Jon H.; Natvik, Gisle J. (CAMP Working Paper Series;8/2013, Working paper, 2013)
      Most theories of voter behavior predict that electoral participation will be higher in elections where more is at stake. We test this prediction by studying how participation is affected by exogenous variation in local ...
    • 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 ...
    • 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, ...
    • Why Do Voters Dismantle Checks and Balances? Extensions and Robustness. (Online appendix) 

      Acemoglu, Daron; Robinson, James A.; Torvik, Ragnar (CAMP Working Paper Series;2/2013, Working paper, 2013)
      In this online appendix we extend the basic model in the paper in several directions, discuss the robustness of the results, and moreover what new mechanisms our extensions implies as compared to the ones in the basic model.
    • 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 ...