Blar i Centre for Applied Macro- and Petroleum economics (CAMP) på forfatter "Thorsrud, Leif Anders"
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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 ...