Faculty Profile

Leif Anders Thorsrud

Associate Professor - Department of Economics

Biography

Please see my homepage for further information. Leif Anders Thorsrud is Associate Professor at the BI Norwegian Business School, and manager of the research centre CAMP (Centre for Applied Macroeconomics and Commodity Prices) at the BI Norwegian Business School. He holds a Bachelor of Arts in Journalism and International Relations, and a Master of Philosophy in Economics from the University of Oslo. He obtained his Phd in Economics from BI Norwegian Business School.

His main area of research is within applied macroeconomics, time series, and machine learning. Special interests include the study of natural resources, business cycles, textual analysis and forecasting. He has published in leading journals such as the Economic Journal, Journal of Econometrics, Journal of Business and Economic Statistics, and Journal of Applied Econometrics. He is also the co-author of the book “Applied Time Series Macroeconomics”.

Thorsrud has previously held positions as staff economist at Norges Bank and the Reserve Bank of New Zealand, and as senior researcher at Norges Bank.

Publications

Bjørnland, Hilde C & Thorsrud, Leif Anders (2018)

Commodity prices and fiscal policy design: Procyclical despite a rule

Journal of applied econometrics Doi: 10.1002/jae.2669

Larsen, Vegard Høghaug & Thorsrud, Leif Anders (2018)

The Value of News for Economic Developments

Journal of Econometrics Doi: 10.1016/j.jeconom.2018.11.013

Thorsrud, Leif Anders (2018)

Words are the New Numbers: A Newsy Coincident Index of the Business Cycle

Journal of business & economic statistics Doi: 10.1080/07350015.2018.1506344

Bjørnland, Hilde C; Ravazzolo, Francesco & Thorsrud, Leif Anders (2017)

Forecasting GDP with global components: This time is different

International Journal of Forecasting, 33(1), s. 153- 173. Doi: 10.1016/j.ijforecast.2016.02.004

Bjørnland, Hilde C & Thorsrud, Leif Anders (2016)

Boom or gloom? Examining the Dutch disease in two-speed economies

Economic Journal, 126(598), s. 2219- 2256. Doi: 10.1111/ecoj.12302

Aastveit, Knut Are; Bjørnland, Hilde C & Thorsrud, Leif Anders (2016)

The World Is Not Enough! Small Open Economies and Regional Dependence

The Scandinavian Journal of Economics, 118(1), s. 168- 195. Doi: 10.1111/sjoe.12126

Bjørnland, Hilde C & Thorsrud, Leif Anders (2015)

Commodity prices and fiscal policy design: Procyclical despite a rule

CAMP Working paper series

Bjørnland, Hilde C; Thorsrud, Leif Anders & Aastveit, Knut Are (2014)

What drives oil prices? Emerging versus Developed Economies

Journal of applied econometrics, 30(7), s. 1013- 1028. Doi: 10.1002/jae.2406

Aastveit, Knut Are; Gerdrup, Karsten R., Jore, Anne Sofie & Thorsrud, Leif Anders (2014)

Nowcasting GDP in real time: a density combination approach

Journal of business & economic statistics, 32(1), s. 48- 68. Doi: 10.1080/07350015.2013.844155

Bjørnland, Hilde C; Gerdrup, Karsten, Jore, Anne Sofie, Smith, Christie & Thorsrud, Leif Anders (2012)

Does Forecast Combination Improve Norges Bank Inflation Forecasts?

Oxford Bulletin of Economics and Statistics, 74(2), s. 163- 179. Doi: 10.1111/j.1468-0084.2011.00639.x

Bjørnland, Hilde C; Gerdrup, Karsten, Jore, Anne Sofie, Smith, Christie & Thorsrud, Leif Anders (2011)

Weights and pools for a Norwegian density combination

The North American journal of economics and finance, 22(1), s. 61- 76. Doi: 10.1016/j.najef.2010.09.001

Bjørnland, Hilde C & Thorsrud, Leif Anders (2013)

Ringvirkninger av olje

Finansavisen [Kronikk]

Thorsrud, Leif Anders & Bjørnland, Hilde C (2012)

Ser i glasskulen med nye øyne

Dagens Næringsliv [Avis]

Bjørnland, Hilde C & Thorsrud, Leif Anders (1)

Oljeringvirkninger

Dagens næringsliv [Kronikk]

Bjørnland, Hilde C; Thorsrud, Leif Anders & Zahiri, Sepideh Khayati (2016)

Do central banks respond timely to developments in the global economy?

[Report]. BI Norwegian Business School.

Bjørnland, Hilde C & Thorsrud, Leif Anders (2016)

Ringvirkninger i råvareproduserende land

[Popular scientific article]. Samfunnsøkonomen, s. 40- 41.

Bjørnland, Hilde C & Thorsrud, Leif Anders (2015)

Applied Time Series for Macroeconomics

[Textbook]. Gyldendal Akademisk.

Bjørnland, Hilde C & Thorsrud, Leif Anders (2015)

Hva skjer når oljeprisen faller? (Aktuell kommentar)

[Article in business/trade/industry journal]. Samfunnsøkonomen, 129(2), s. 22- 29.

Bjørnland, Hilde C & Thorsrud, Leif Anders (2013)

Ringvirkninger - Norsk økonomi og olje

[Report]. CME Working Paper.

Bjørnland, Hilde C & Thorsrud, Leif Anders (2013)

Boom or gloom? Examining the Dutch disease in a two-speed economy

[Report]. CAMP Working Paper.

Thorsrud, Leif Anders (2012)

Global and regional business cycles. Shocks and propagations

[Academic lecture]. 6th CSDA International Conference on Computational and Financial Econometrics (CFE 2012).

Thorsrud, Leif Anders (2012)

Global and regional business cycles. Shocks and propagations

[Academic lecture]. EEA I ESEM 2012.

Bjørnland, Hilde C; Aastveit, Knut Are & Thorsrud, Leif Anders (2012)

What drives oil prices? Emerging versus developed economies

[Report]. Handelshøyskolen BI.

Aastveit, Knut Are; Thorsrud, Leif Anders, Gerdrup, Karsten & Jore, Anne Sofie (2011)

Nowcasting GDP in Real-Time: A Density Combination Approach

[Report]. Handelshøyskolen BI.

Bjørnland, Hilde C; Aastveit, Knut Are & Thorsrud, Leif Anders (2011)

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

[Report]. Handelshøyskolen BI.

Bjørnland, Hilde C; Thorsrud, Leif Anders & Aastveit, Knut Are (2011)

The World is not enough! Small open ecnomics and regional dependence

[Report]. Norges Bank.

Thorsrud, Leif Anders (2011)

Nowcasting GDP in real-time: A density combination approach

[Academic lecture]. 72nd International Atlantic Economic Conference.

Bjørnland, Hilde C; Gerdrup, Karsten, Jore, Anne Sofie, Smith, Christie & Thorsrud, Leif Anders (2010)

Does forecast combination improve Norges Bank inflation forecasts?

[Report]. Handelshøyskolen BI.

Thorsrud, Leif Anders & Karagedikli, Ozer (2010)

Shocked by the world! Introducing the three block open economy FAVAR

[Academic lecture]. Reserve Bank of New Zealand conference: "The transmission of international shocks to open economies".

Thorsrud, Leif Anders & Karagedikli, Ozer (2010)

Shocked by the world! Introducing the three block open economy FAVAR

[Academic lecture]. 16th International Conference on Computing in Economics and Finance.

Academic Degrees
Year Academic Department Degree
2014 BI Norwegian Business School PhD
2007 University of Oslo Master of Economics
Work Experience
Year Employer Job Title
2016 - 2019 Norges Bank Senior Researcher
2014 - 2016 BI Norwegian Business School Assistant Professor
2006 - 2010 Norges Bank Analyst