Centre for Applied Macroeconomics and Commodity Prices (CAMP)
CAMP is established to bring together economists working on applied macroeconomic issues, with special emphasis on energy economics.
- All Items
- Publications
- Working Papers
2024
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Hilde C. Bjørnland and Julia Skretting
The shale oil boom and the U.S. economy: Spillovers and time-varying effects
Forthcoming in: Journal of Applied Econometrics
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Yoosoon Chang, Steven N. Durlauf, Bo Hu and Joon Y. Park
Accounting for Individual-Specific Heterogeneity in Intergenerational Income Mobility
CAMP Working Paper 03/2024
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Yoosoon Chang, Fabio Gómez-Rodríguez and Christian Matthes
The Influence of Fiscal and Monetary Policies on the Shape of the Yield Curve
CAMP Working Paper 02/2024
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Yoosoon Chang, Yongok Choi, Chang Sik Kim, J. Isaac Miller and Joon Y. Park
Common Trends and Country Specific Heterogeneities in Long-Run World Energy Consumption
CAMP Working Paper 01/2024
2023
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Øistein Røisland, Tommy Sveen and Ragnar Torvik
Samspillet mellom penge- og finanspolitikken i en liten, åpen økonomi
Published in: Samfunnsøkonomen, 2023, Utg. 6, pp. 41-52
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Hilde C. Bjørnland, Malin C. Jensen and Leif Anders Thorsrud
Business Cycle and Health Dynamics during the COVID-19 Pandemic. A Scandinavian Perspective
CAMP Working Paper 15/2023
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Paul Labonne and Leif Anders Thorsrud
Risky news and credit market sentiment
CAMP Working Paper 14/2023
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Knut Are Aastveit, Hilde C. Bjørnland and Jamie L. Cross
Inflation Expectations and the Pass-Through of Oil Prices
Published in: The Review of Economics and Statistics, 2023, Vol. 105, Issue 3, pp. 733–743
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Hilde C. Bjørnland, Roberto Casarin, Marco Lorusso and Francesco Ravazzolo
Fiscal Policy Regimes in Resource-Rich Economies
CAMP Working Paper 13/2023
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Jamie L. Cross, Aubrey Poon and Dan Zhu
Uncertainty and the Term Structure of Interest Rates
CAMP Working Paper 12/2023
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Jamie Cross, Lennart Hoogerheide, Paul Labonne and Herman K. van Dijk
Bayesian Mode Inference for Discrete Distributions in Economics and Finance
CAMP Working Paper 11/2023
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Madison Terrell, Qazi Haque, Jamie L. Cross and Firmin Doko Tchatoka
Monetary policy shocks and exchange rate dynamics in small open economies
CAMP Working Paper 10/2023
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Yoosoon Chang, Ana María Herrera and Elena Pesavento
Oil prices uncertainty, endogenous regime switching, and inflation anchoring
Published in: Journal of Applied Econometrics, 2023, Vol. 38, Issue 6, pp. 820-839
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Stylianos Asimakopoulos, Marco Lorusso and Francesco Ravazzolo
A Bayesian DSGE Approach to Modelling Cryptocurrency
CAMP Working Paper 09/2023
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Fabio Canova and Kenneth Sæterhagen Paulsen
Symbolic stationarization of dynamic equilibrium models
Published in: Journal of Economic Dynamics and Control, 2023, Vol. 154, 104710
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Hilde C. Bjørnland, Jamie L. Cross and Felix Kapfhammer
The Drivers of Emission Reductions in the European Carbon Market
CAMP Working Paper 08/2023
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Jamie L. Cross, Chenghan Hou, Gary Koop and Aubrey Poon
Large stochastic volatility in mean VARs
Published in: Journal of Econometrics, 2023, Vol. 236, Issue 1, 105469
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Øistein Røisland, Tommy Sveen and Ragnar Torvik
The interplay between monetary and fiscal policy in a small open economy
CAMP Working Paper 07/2023
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Dimitris Korobilis and Maximilian Schröder
Monitoring multicountry macroeconomic risk
CAMP Working Paper 06/2023
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Dimitris Korobilis and Maximilian Schröder
Probabilistic Quantile Factor Analysis
CAMP Working Paper 05/2023
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Drago Bergholt, Øistein Røisland, Tommy Sveen and Ragnar Torvik
Monetary policy when export revenues drop
Published in: Journal of International Money and Finance, Vol. 137, 102893
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Vegard Høghaug Larsen, Nicolò Maffei-Faccioli and Laura Pagenhardt
Where do they care? The ECB in the media and inflation expectations
CAMP Working Paper 04/2023
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Ragnar E. Juelsrud and Vegard H. Larsen
Macroeconomic uncertainty and bank lending
Published in: Economics Letters, 2023, Vol. 225, 111041
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Hilde C. Bjørnland, Yoosoon Chang and Jamie L. Cross
Oil and the Stock Market Revisited: A mixed functional VAR approach
CAMP Working Paper 03/2023
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Yoosoon Chang, Ana Maria Herrera and Elena Pesavento
Oil Prices Uncertainty, Endogenous Regime Switching, and Inflation Anchoring
CAMP Working Paper 02/2023
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Angelica Gianfreda, Francesco Ravazzolo and Luca Rossini
Large Time-Varying Volatility Models for Hourly Electricity Prices*
Published in: Oxford Bulletin of Economics and Statistics, 2023
2022
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Jan Ditzen and Francesco Ravazzolo
Dominant Drivers of National Inflation
CAMP Working Paper 08/2022
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Hilde C. Bjørnland
Den økonomiske styringen av det moderne Norge: Handlingsregelen og Oljefondet
Published in: Samfunnsøkonomene, no. 4, 2022
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Hilde C. Bjørnland
The effect of rising energy prices amid geopolitical developments and supply disruptions
CAMP Working Paper 07/2022
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Caroline Espegren and Jon Ellingsen
Lost in transition? Earnings losses of displaced petroleum workers
CAMP Working Paper 06/2022
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Ragnar E. Juelsrud and Vegard H. Larsen
Macroeconomic uncertainty and bank lending
CAMP Working Paper 05/2022
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André Kallåk Anundsen, Bjørnar Karlsen, Erling Røed Larsen and Leif Anders Thorsrud
Behavioral changes in the housing market before and after the Covid-19 lockdown
Published in: Journal of Housing Economics, 2022
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Drago Bergholt, Øistein Røisland, Tommy Sveen and Ragnar Torvik
Monetary policy when export revenues drop
CAMP Working Paper 04/2022
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Knut Are Aastveit, Jamie L. Cross and Herman K. van Dijk
Quantifying Time-Varying Forecast Uncertainty and Risk for the Real Price of Oil
Published in: Journal of Business & Economic Statistics, 2022
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Komla Mawulom Agudze, Monica Billio, Roberto Casarin and Francesco Ravazzolo
Markov switching panel with endogenous synchronization effects
Published in: Journal of Econometrics, Vol. 230, Issue 2, pp. 281-298, 2022
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Sercan Eraslan and Maximilian Schröder
Nowcasting GDP with a pool of factor models and a fast estimation algorithm
Forthcoming in: International Journal of Forecasting
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Julia Skretting
Oil Windfalls and Regional Economic Performance in Russia
CAMP Working Paper 02/2022
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Saskia ter Ellen, Vegard H. Larsen and Leif Anders Thorsrud
Narrative monetary policy surprises and the media
Published in: Journal of Money, Credit and Banking, 2022, 54(5), pp. 1525-1549.
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Lassi Ahlvik, Jørgen Juel Andersen, Jonas Hveding Hamang and Torfinn Harding
Quantifying supply-side climate policies
CAMP Working Paper 01/2022
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Matteo Iacopini, Francesco Ravazzolo and Luca Rossini
Proper Scoring Rules for Evaluating Density Forecasts with Asymmetric Loss Functions
Published in: Journal of Business & Economic Statistics, pp. 1-15, 2022
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Vegard Høghaug Larsen and Leif Anders Thorsrud
Asset returns, news topics, and media effects
Published in: Scandinavian Journal of Economics , 2022, 124(3), pp. 838-868.
2021
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Knut Are Aastveit, Ragnar Enger Juelsrud and Ella Getz Wold
The household effects of mortgage regulation
CAMP Working Paper 07/2021
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Davide Ferrari, Francesco Ravazzolo and Joaquin Vespignani
Forecasting energy commodity prices: A large global dataset sparse approach
Published in: Energy Economics, 2021, Vol. 98, 105268
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Jamie L. Cross, Bao H. Nguyen and Trung Duc Tran
The Role of Precautionary and Speculative Demand in the Global Market for Crude Oil
CAMP Working Paper 06/2021
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Jørgen Juel Andersen, Frode Martin Nordvik, and Andrea Tesei
Oil Price Shocks and Conflict Escalation: Onshore versus Offshore
Published in: Journal of Conflict Resolution, 2021, Vol. 66, Issue 2
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Knut Are Aastveit, Hilde C. Bjørnland and Thomas S. Gundersen
The Price Responsiveness of Shale Producers: Evidence From Micro Data
CAMP Working Paper 05/2021
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Jon Ellingsen, Vegard H. Larsen and Leif Anders Thorsrud
News media versus FRED-MD for macroeconomic forecasting
Published in: Journal of Applied Econometrics, 2021, 1– 19
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J. Isaac Miller, Hilde C. Bjørnland and Yoosoon Chang
New Developments in the Econometric Analysis of Energy and Climate
Published in: Energy Economics, 100, 1-3. Special issue on "Energy & Climate Econometrics"
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Jamie L. Cross, Chenghan Hou, Gary Koop and Aubrey Poon
Macroeconomic Forecasting with Large Stochastic Volatility in Mean VARs
CAMP Working Paper 4/2021
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Knut Are Aastveit, Jamie L. Cross and Herman K. van Dijk
Quantifying time-varying forecast uncertainty and risk for the real price of oil
CAMP Working Paper 3/2021
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Halvor Mehlum and Ragnar Torvik
The macroeconomics of COVID-19: a two-sector interpretation
Published in: Review of Keynesian Economics, 2021, Vol. 9 No. 2, Summer 2021, pp. 165–174, DOI: https://doi.org/10.4337/roke.2021.02.01
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Halvor Mehlum, Gisle Natvik and Ragnar Torvik
The Inefficient Combination: Competitive Markets, Free Entry, and Democracy
CAMP Working Paper 2/2021
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Fabio Canova and Christian Matthes
A composite likelihood approach for dynamic structural models
Published in: The Economic Journal , Vol. 131, pages 2447-2477.
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Fabio Canova and Christian Matthes
Dealing with misspecification in macroeconometric models
Published in: Quantitative Economics, Volume 12, Issue 2 (May 2021)
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Hilde C. Bjørnland, Frode Martin Nordvik and Maximilian Rohrer
Supply Flexibility in the Shale Patch: Evidence from North Dakota
Published in: Journal of Applied Econometrics, 2021; 36: 273– 292. https://doi.org/10.1002/jae.2808
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Ragna Alstadheim, Hilde C. Bjørnland and Junior Maih
Do Central Banks Respond to Exchange Rate Movements? A Markov-Switching Structural Investigation of Commodity Exporters and Importers
Published in: Energy Economics, Volume 96, 2021, 105138, ISSN 0140-9883, https://doi.org/10.1016/j.eneco.2021.10513zz
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Ragnar Torvik
Formal Institutions and Development in Low-Income Countries: Positive and Normative Theory
Published in: The Handbook of Economic Development and Institutions, edited by Jean-Marie Baland, François Bourguignon, Jean-Philippe Platteau and Thierry Verdier, Princeton: Princeton University Press, 2020, pp. 103-136. https://doi.org/10.1515/9780691192017-005
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Thomas S. Gundersen and Even S. Hvinden
OPEC’s Crude Game: Strategic Competition and Regime-switching in Global Oil Markets
CAMP Working Paper Series No 1/2021
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Vegard Høghaug Larsen
Components of uncertainty
Published in: International Economic Review, Vol. 62, No. 2, May 2021 DOI: 10.1111/iere.12499
2020
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Ragna Alstadheim, Hilde C. Bjørnland and Junior Maih
Do Central Banks Respond to Exchange Rate Movements? A Markov-Switching Structural Investigation of Commodity Exporters and Importers
CAMP Working Paper Series No 12/2020
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Hilde C. Bjørnland, Roberto Casarin, Marco Lorusso and Francesco Ravazzolo
Oil and Fiscal Policy Regimes
CAMP Working Paper Series No 11/2020
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Felix Kapfhammer, Vegard H. Larsen and Leif Anders Thorsrud
Climate Risk and Commodity Currencies
CAMP Working Paper Series No 10/2020
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Jamie Cross, Bo Zhang and Na Guo
Time-Varying Trend Models for Forecasting Inflation in Australia
CAMP Working Paper Series No 09/2020
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Jon Ellingsen, Vegard H. Larsen and Leif Anders Thorsrud
News media vs. FRED-MD for macroeconomic forecasting
CAMP Working Paper Series No 08/2020
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André Kallåk Anundsen, Bjørnar Karlsen Kivedal, Erling Røed Larsen and Leif Anders Thorsrud
Behavioral changes and policy effects during Covid-19
CAMP Working Paper Series No 07/2020
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Matteo Iacopini, Francesco Ravazzolo and Luca Rossini
Proper scoring rules for evaluating asymmetry in density forecasting
CAMP Working Paper Series No 06/2020
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Angelica Gianfreda, Francesco Ravazzolo and Luca Rossini
Large Time-Varying Volatility Models for Electricity Prices
CAMP Working Paper Series No 05/2020
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Halvor Mehlum and Ragnar Torvik
Macroeconomics in the time of the Corona
CAMP Working Paper Series No 04/2020
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Knut Are Aastveit, Hilde C. Bjørnland and Jamie L. Cross
Inflation expectations and the pass-through of oil prices
CAMP Working Paper Series No 03/2020
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Carlo Altavilla, Fabio Canova and Matteo Ciccarelli
Mending the broken link: heterogeneous bank lending and monetary policy pass-through.
Published in: Journal of Monetary Economics, Volume 110, April 2020, Pages 81-98
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Francesco Ravazzolo and Joaquin L. Vespignani
World steel production: A new monthly indicator of global real economic activity
Published in: Canadian Journal of Economics/Revue canadienne d'économique, 53: 743-766. doi:10.1111/caje.12442
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Halvor Mehlum, Ragnar Torvik and Simone Valente
Growth with Age-Dependent Preferences
Published in: Journal of International Trade & Economic Development, 2020
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Vegard H. Larsen, Leif Anders Thorsrud and Julia Zhulanova
News-driven inflation expectations and information rigidities
Published in: Journal of Monetary Economics, 2020,
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Jamie L. Cross, Chenghan Hou and Aubrey Poon
Macroeconomic Forecasting with Large Bayesian VARs: Global-local priors and the Illusion of Sparsity
Published in: International Journal of Forecasting, Volume 36, Issue 3, July–September 2020, Pages 899-915
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Fabio Canova, Filippo Ferroni and Christian Matthes
Detecting and Analyzing the Effects of Time-Varying Parameters in DSGE Models
Published in: International Economic Review, Vol. 61, No. 1, February 2020
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Helene Olsen and Harald Wieslander
The Impact of Monetary Policy on Leading Variables for Financial Stability in Norway
CAMP Working Paper Series No 02/2020
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Hilde C. Bjørnland, Leif Anders Thorsrud and Sepideh K. Zahiri
Do central banks respond timely to developments in the global economy?
Published in: Oxford Bulletin of Economics and Statistics, 2020, 82: 285-310.
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Isabel Hovdahl
Deadly Variation: The Effect of Temperature Variability on Mortality
CAMP Working Paper Series No 01/2020
2019
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Thomas S. Gundersen
The Impact of U.S. Supply Shocks on the Global Oil Price
Published in: The Energy Journal, 2020, Vol. 41
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Davide Ferrari, Francesco Ravazzolo and Joaquin Vespignani
Forecasting Energy Commodity Prices: A Large Global Dataset Sparse Approach
CAMP Working Paper Series No 11/2019
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Even Comfort Hvinden
OPEC's crude game: The supply curve in a dynamic, strategic environment
CAMP Working Paper Series No 10/2019
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Andrew Binning, Hilde C. Bjørnland and Junior Maih
Is Monetary Policy Always Effective? Incomplete Interest Rate Pass-through in a DSGE Model
CAMP Working Paper Series No 09/2019
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Hilde C. Bjørnland
Supply flexibility in the shale patch: Facts, no fiction
CAMP Working Paper Series No 08/2019
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Stylianos Asimakopoulos, Marco Lorusso, and Francesco Ravazzolo
A New Economic Framework: A DSGE Model with Cryptocurrency
CAMP Working Paper Series No 07/2019
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Saskia ter Ellen, Vegard H. Larsen and Leif Anders Thorsrud
Narrative monetary policy surprises and the media
CAMP Working Paper Series No 06/2019
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Frode Martin Nordvik
Does Oil Promote or Prevent Coups? The Answer is Yes
Published in: The Economic Journal, 2019, Vol. 129, Issue 619, pp. 1425–1456
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Kenichiro McAlinn, Knut Are Aastveit, Jouchi Nakajima and Mike West
Multivariate Bayesian Predictive Synthesis in Macroeconomic Forecasting
Published in: Journal of the American Statistical Association (JASA), 2019
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Jamie Cross and Aubrey Poon
On the contribution of international shocks in Australian business cycle fluctuations
Published in: Empirical Economics, 2019, pp. 1-25.
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Ragnar Torvik
Ny teknologi, produktivitetsvekst og renter
Published in: Samfunnsøkonomene, 2019, Vol. 133, pp. 40-48
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Hilde C. Bjørnland, Leif Anders Thorsrud and Ragnar Torvik
Dutch Disease Dynamics Reconsidered
Published in: European Economic Review, 2019, Vol.119, pp. 411-433.
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Knut Are Aastveit, André K. Anundsen and Eyo Herstad
Residential investment and recession predictability
Published in: International Journal of Forecasting:: 2019, Vol. 35(4), pp. 1790-1799
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Drago Bergholt, Vegard H. Larsen and Martin Seneca
Business Cycles In An Oil Economy
Published in: Journal of International Money and Finance, 2019, 96, pp. 283-303.
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Leopoldo Catania, Stefano Grassi and Francesco Ravazzolo
Forecasting Cryptocurrencies under Model and Parameter Instability
Published in: International Journal of Forecasting 35 (2019) pp. 485–501
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Vegard H. Larsen and Leif Anders Thorsrud
The Value of News for Economic Developments
Published in: Journal of Econometrics Volume 210, Issue 1, May 2019, Pages 203-218
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Hilde C. Bjørnland and Leif Anders Thorsrud
Commodity Prices and Fiscal Policy Design: Procyclical Despite a Rule
Published in: Journal of Applied Econometrics 34(2), 2019, pp. 161-180
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Leif Anders Thorsrud
Words are the new numbers. A newsy coincident index of the business cycle
Publised in: Journal of Business & Economic Statistics , 2018
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Isabel Hovdahl
On the use of machine learning for causal inference in climate economics
CAMP Working Paper Series No 05/2019
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Knut Are Aastveit, Bruno Albuquerque and André Anundsen
Changing supply elasticities and regional housing booms
CAMP Working Paper Series No 04/2019
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Vegard H. Larsen, Leif Anders Thorsrud and Julia Zhulanova
News-driven inflation expectations and information rigidities
CAMP Working Paper Series No 03/2019
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Jamie Cross, Bao H. Nguyen and Bo Zhang
New Kid on the Block? China vs the US in World Oil Markets
CAMP Working Paper Series No 02/2019
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Kenichiro McAlinn, Knut Are Aastveit, Jouchi Nakajima and Mike West
Multivariate Bayesian Predictive Synthesis in Macroeconomic Forecasting
CAMP Working Paper Series No 01/2019
2018
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Halvor Mehlum, Ragnar Torvik and Simone Valente
Growth with Age-Dependent Preferences
CAMP Working Paper Series No 14/2018
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Fabio Canova and Filippo Ferroni
Mind the gap! Stylized dynamic facts and structural models
CAMP Working Paper Series No 13/2018
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Jamie L. Cross, Chenghan Hou and Aubrey Poon
International Transmission of Macroeconomic Uncertainty in Small Open Economies: An Empirical Approach
CAMP Working Paper Series No 12/2018
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Jamie L. Cross, Chenghan Hou and Bao H. Nguyen
On the China factor in international oil markets: A regime switching approach
CAMP Working Paper Series No 11/2018
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Leopoldo Catania, Stefano Grassi and Francesco Ravazzolo
Predicting the Volatility of Cryptocurrency Time-Series
Published in: Mathematical and Statistical Methods for Actuarial Sciences and Finance, 2018, pp 203-207
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Hilde C. Bjørnland, Vegard H. Larsen and Junior Maih
Oil and macroeconomic (in)stability
Published in: American Economic Journal: Macroeconomics, 2018, 10(4): 128–151
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Fabio Canova and Christian Matthes
A composite likelihood approach for dynamic structural models
CAMP Working Paper Series No 10/2018
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Hilde C. Bjørnland and Julia Zhulanova
The Shale Oil Boom and the U.S. Economy: Spillovers and Time-Varying Effects
CAMP Working Paper Series No 8/2018
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Thomas S. Gundersen
The Impact of U.S. Supply Shocks on the Global Oil Price
CAMP Working Paper Series No 7/2018
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Vegard H. Larsen and Leif Anders Thorsrud
Business cycle narratives
CAMP Working Paper Series No 6/2018
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Leopoldo Catania, Stefano Grassi and Francesco Ravazzolo
Forecasting Cryptocurrencies Financial Time Series
CAMP Working Paper Series No 5/2018
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Hilde C. Bjørnland, Leif Anders Thorsrud and Ragnar Torvik
Dutch Disease Dynamics Reconsidered
CAMP Working Paper Series No 4/2018
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Leopoldo Catania, Stefano Grassi and Francesco Ravazzolo
Predicting the Volatility of Cryptocurrency Time–Series
CAMP Working Paper Series No 3/2018
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Angelica Gianfreda, Francesco Ravazzolo and Luca Rossini
Comparing the Forecasting Performances of Linear Models for Electricity Prices with High RES Penetration
CAMP Working Paper Series No 2/2018
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Fabio Canova and Mehdi Hamidi Sahneh
Are Small-Scale SVARs Useful for Business Cycle Analysis? Revisiting Non-Fundamentalness
Published in: Journal of the European Economic Association, 2018, Vol. 16(4), pp.1069-1093
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Ragnar Torvik
Should Developing Countries Establish Petroleum Funds?
Published in: The Energy Journal, 2018, Vol.39(4)
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Komla Mawulom Agudze, Monica Billio, Roberto Casarin and Francesco Ravazzolo
Markov Switching Panel with Network Interaction Effects
CAMP Working Paper Series No 1/2018
2017
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Massimiliano Caporin, Loriana Pelizzon, Francesco Ravazzolo and Roberto Rigobon
Measuring sovereign contagion in Europe
Published in: Journal of Financial Stability, 2017, vol 34, 150-181
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Andrew Binning and Junior Maih
Modelling Occasionally Binding Constraints Using Regime-Switching
CAMP Working Paper Series No 9/2017
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Knut Are Aastveit, André K. Anundsen and Eyo I. Herstad
Residential investment and recession predictability
CAMP Working Paper Series No 8/2017
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Knut Are Aastveit and André K. Anundsen
Asymmetric effects of monetary policy in regional housing markets
CAMP Working Paper Series No 7/2017
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Hilde C. Bjørnland, Vegard H. Larsen, Junior Maih
Oil and macroeconomic (in)stability
CAMP Working Paper Series No 6/2017
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Vegard Høghaug Larsen and Leif Anders Thorsrud
Asset returns, news topics, and media effects
CAMP Working Paper Series No 5/2017
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Jørgen Juel Andersen and Mads Greaker
Emission Trading with Fiscal Externalities: The Case for a Common Carbon Tax for the Non-ETS Emissions in the EU
Published in: Environmental and Resource Economics, 2017, 1–21
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James A. Robinson, Ragnar Torvik and Thierry Verdier
The political economy of public income volatility: with an application to the resource curse
Published in: Journal of Public Economics, 2017, vol. 145(C), 243-252
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Jørgen Juel Andersen, Niels Johannesen, David Dreyer Lassen and Elena Paltseva
Petro Rents, Political Institutions, and Hidden Wealth: Evidence from Offshore Bank Accounts
Published in: Journal of the European Economic Association, 2017, vol 15(4), 818–860
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Hilde C. Bjørnland, Francesco Ravazzolo and Leif Anders Thorsrud
Forecasting GDP with global components. This time is different
Published in: International Journal of Forecasting, 2017, vol. 33(1), 153-173
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Fabian Kruger, Todd E. Clark and Francesco Ravazzolo
Using Entropic Tilting to Combine BVAR Forecasts with External Nowcasts
Published in: Journal of Business & Economic Statistics, 2017, vol. 35 (3), 470-485
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Ragnar Torvik
Should Developing Countries Establish Petroleum Funds?
CAMP Working Paper Series No 3/2017
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Knut Are Aastveit, Claudia Foroni and Francesco Ravazzolo
Density Forecasts with MIDAS Models
Published in: Journal of Applied Econometrics, 2017, vol 32(4), 783–801
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Hilde C. Bjørnland, Frode Martin Nordvik, Maximilian Rohrer
Supply Flexibility in the Shale Patch: Evidence from North Dakota
CAMP Working Paper Series No 2/2017
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Jørgen Juel Andersen, Frode Martin Nordvik, Andrea Tesei
Oil and Civil conflict: On and off (shore)
CAMP Working Paper Series No 1/2017
2016
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Knut Are Aastveit, Hilde C. Bjørnland and Leif Anders Thorsrud
The world is not enough! Small open economies and regional dependence
Published in: Scandinavian Journal of Economics, 2016 vol. 118(1), 168-195
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Carlo Altavilla, Fabio Canova, Matteo Ciccarelli
Mending the broken link: heterogeneous bank lending and monetary policy pass-through
CAMP Working Paper Series No 9/2016 (.pdf)
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Hilde C. Bjørnland, Leif Anders Thorsrud, Sepideh Khayati Zahiri
Do central banks respond timely to developments in the global economy?
CAMP Working Paper Series No 8/2016
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Francesco Ravazzolo, Tommy Sveen, Sepideh K. Zahiri
Commodity Futures and Forecasting Commodity Currencies
CAMP Working Paper Series No 7/2016.
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Leif Anders Thorsrud
Nowcasting using news topics Big Data versus big bank
CAMP Working Paper Series No 6/2016.
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Francesco Ravazzolo and Philip Rothman
Oil-Price Density Forecasts of U.S. GDP
Published in: Studies of Nonlinear Dynamics and Econometrics. 2016, vol. 20(4), 441-453
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Davide Pettenuzzu and Francesco Ravazzolo
OPTIMAL PORTFOLIO CHOICE UNDER DECISION-BASED MODEL COMBINATIONS
Published in: Journal of Applied Econometrics, 2016, Vol 31(7)
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Marco J. Lombardi and Francesco Ravazzolo
On the correlation between commodity and equity returns: Implications for portfolio allocation
Published in: Journal of Commodity Markets, 2016, Vol 2(1), 45-57
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Halvor Mehlum, Ragnar Torvik and Simone Valente
The Savings Multiplier
Published in: Journal of Monetary Economics, 2016, vol. 83(C), 90-105
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Egil Matsen, Gisle J. Natvik and Ragnar Torvik
Petro populism
Published in: Journal of Development Economics, 2016, vol. 118, 1-12
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Monica Billio, Roberto Casarin, Francesco Ravazzolo and Herman K. Van Dijk
Interconnections Between Eurozone and US Booms and Busts Using a Bayesian Panel Markov-Switching VAR Model
Published in: Journal of Applied Econometrics, 2016, Vol 31(7), 1352–1370
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Marco J. Lombardi and Francesco Ravazzolo
Oil price density forecasts: Exploring the linkages with stock markets
Published in: Journal of Commodity Markets, 2016, Vol 2(1), 45-57
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Farooq Akram, Andrew Binning, Junior Maih
Joint Prediction Bands for Macroeconomic Risk Management
CAMP Working Paper Series No 5/2016.
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Leif Anders Thorsrud
Words are the new numbers: A newsy coincident index of business cycles
CAMP Working Paper Series No 4/2016.
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Hilde C. Bjørnland and Leif Anders Thorsrud
Boom or Gloom? Examining the Dutch disease in two-speed economies
Published in: Economic Journal, 2016, vol 126(598), 2219–2256
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Andrew Binning, Junior Maih
Implementing the Zero Lower Bound in an Estimated Regime-Switching DSGE Model
CAMP Working Paper Series No 3/2016.
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Fabio Canova, Mehdi Hamidi Sahneh
Are Small-Scale SVARs Useful for Business Cycle Analysis? Revisiting Non-Fundamentalness
CAMP Working Paper Series No 2/2016.
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Fabio Canova, Filippo Ferroni, Christian Matthes
Approximating time-varying structural models with time-invariant structures
CAMP Working Paper Series No 1/2016.
2015
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Andrew Binning, Junior Maih
Applying Flexible Parameter Restrictions in Markov-Switching Vector Autoregression Models
CAMP Working Paper Series No 12/2015.
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Francesco Ravazzolo, Philip Rothman
Oil-Price Density Forecasts of U.S. GDP
CAMP Working Paper Series No 10/2015.
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Davide Pettenuzzo, Francesco Ravazzolo
Optimal Portfolio Choice under Decision-Based Model Combinations
CAMP Working Paper Series No 9/2015.
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Fabian Krüger, Todd E. Clark, Francesco Ravazzolo
Using Entropic Tilting to Combine BVAR Forecasts with External Nowcasts
CAMP Working Paper Series No 8/2015.
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Hilde C. Bjørnland, Vegard H. Larsen
Oil and macroeconomic (in)stability
CAMP Working Paper Series No 7/2015.
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Hilde C. Bjørnland, Leif Anders Thorsrud
Commodity prices and fiscal policy design: Procyclical despite a rule
CAMP Working Paper Series No 5/2015.
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Andrew Binning, Junior Maih
Sigma Point Filters For Dynamic Nonlinear Regime Switching Models
CAMP Working Paper Series No 4/2015.
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James A. Robinson, Ragnar Torvik, Thierry Verdier
The Political Economy of Public Income Volatility: With an Application to the Resource Curse
CAMP Working Paper Series No 3/2015.
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Francesco Ravazzolo, Joaquin L. Vespignani
A new Monthly Indicator of Global Real Economic Activity
CAMP Working Paper Series No 2/2015.
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Knut Are Aastveit, Hilde C. Bjørnland and Leif Anders Thorsrud
What drives oil prices? Emerging versus Developed Economies
Published in: Journal of Applied Econometrics, 2015 vol. 30(7), 1013-1028.
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Lars-Erik Borge, Pernille Parmer and Ragnar Torvik
Local Natural Resource Curse?
Published in: Journal of Public Economics, 2015, vol. 131, 101-114
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Hilde C. Bjørnland, Francesco Ravazzolo, Leif Anders Thorsrud
Forecasting GDP with global components. This time is different.
CAMP Working Paper Series No 1/2015 (.pdf)
2014
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Junior Maih
Efficient Perturbation Methods for Solving Regime-Switching DSGE Models
CAMP Working Paper Series No 10/2014.
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Jørgen Juel Andersen, Mads Greaker
The Fiscal Incentive of GHG Cap and Trade: Permits May Be Too Cheap and Developed Countries May Abate Too Little
CAMP Working Paper Series No 9/2014.
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Monica Billio, Roberto Casarin, Francesco Ravazzolo, Herman K. van Dijk
Interactions between eurozone and US booms and busts: A Bayesian panel Markov-switching VAR model
CAMP Working Paper Series No 8/2014.
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Hilde C. Bjørnland, Leif Anders Thorsrud
Boom or Gloom? Examining the Dutch Disease in Two-Speed Economies
CAMP Working Paper Series No 6/2014.
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Drago Bergholt
Foreign Shocks in an Estimated Multi-Sector Model
CAMP Working Paper Series No 4/2014.
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Knut Are Aastveit, Karsten R. Gerdrup, Anne Sofie Jore, and Leif Anders Thorsrud
Nowcasting GDP in Real Time: A Density Combination Approach
Published in: Journal of Business and Economic Statistics, Taylor & Francis Journals, 2014, vol. 32(1), 48-68
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Hilde C. Bjørnland and Jørn Inge Halvorsen
How does monetary policy respond to exchange rate movements? New international evidence
Published in: Oxford Bulletin of Economics and Statistics, 2014, vol. 76(2), 208-232
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Knut Are Aastveit, Claudia Foroni, Francesco Ravazzolo
Density Forecasts with MIDAS Models
CAMP Working Paper Series No 3/2014
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Drago Bergholt,Tommy Sveen
Sectoral Interdependence and Business Cycle Synchronization in Small Open Economies
CAMP Working Paper Series No 2/2014
2013
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Ragna Alstadheim, Hilde C. Bjørnland, Junior Maih
Do Central Banks Respond to Exchange Rate Movements? A Markov-Switching Structural Investigation
CAMP Working Paper Series No 9/2013.
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Jørgen Juel Andersen, Jon H. Fiva, Gisle James Natvik
Voting when the Stakes are High
CAMP Working Paper Series No 8/2013.
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Jørgen Juel Andersen, Niels Johannesen, David Dreyer Lassen, Elena Paltseva
Petro Rents, Political Institutions, and Hidden Wealth: Evidence from Bank Deposits in Tax Havens
CAMP Working Paper Series No 7/2013.
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Ida Wolden Bache, Tommy Sveen and Kjersti Næss Torstensen
Revisiting the importance of non-tradable goods' prices in cyclical real exchange rate fluctuations
Published in: European Economic Review, Elsevier, 2013, vol. 57(C), 98-107
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Hilde C. Bjørnland and Dag H. Jacobsen
House prices and stock prices: Different roles in the U.S. monetary transmission mechanism
Published in: Scandinavian Journal of Economics, 2013, vol. 115(4), 1084-1106.
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Hilde C. Bjørnland, Leif Anders Thorsrud
Bloom or gloom? Examining the Dutch disease in a two-speed economy
CAMP Working Paper Series No 6/2013.
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Lars-Erik Borge, Pernille Parmer, Ragnar Torvik
Local Natural Resource Curse?
CAMP Working Paper Series No 5/2013.
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Monica Billio, Roberto Casarin, Francesco Ravazzolo and Herman van Dijk
Time-varying Combinations of Predictive Densities using Nonlinear Filtering
Published in: Journal of Econometrics, 177(2), 2013, 213–232
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Halvor Mehlum, Ragnar Torvik and Simone Valente
China's Savings Multiplier
CAMP Working Paper Series No 4/2013.
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Leif Anders Thorsrud
Global and regional business cycles: Shocks and propagations
CAMP Working Paper Series No 3/2013.
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Daron Acemoglu, James A. Robinson and Ragnar Torvik
Why do voters dismantle checks and balances?
Published in: Review of Economic Studies, 2013, 845-875
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Daron Acemoglu, James A. Robinsen, Ragnar Torvik
Online appendix: Why do voters dismantle checks and balances? Extensions and robustness
CAMP Working Paper Series No 2/2013.
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Jørgen Juel Andersen and Silje Asalksen
Oil and political survival
Published in: Journal of Development Economics, Elsevier, 2013, vol. 100(1), 89-106
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Daron Acemoglu, James A. Robinson, Ragnar Torvik
Why do voters dismantle checks and balances?
CAMP Working Paper Series No 1/2013.
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Francesco Ravazzolo and Philip Rothman
Oil and U.S. GDP: A Real-Time Out-of-Sample Examination
Published in: Journal of Money, Credit and Banking, 2013, Vol 45(22-3), 449-463
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James A. Robinson and Ragnar Torvik
Institutional comparative statics
Published in: Daron Acemoglu, Manuel Arellano and Eddie Dekel (eds.), Advances in Economics and Econometrics, 2013, Cambridge University Press: New York, 97-134
2012
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Massimiliano Caporin, Loriana Pelizzon, Francesco Ravazzolo, Roberto Rigobon
Measuring sovereign contagion in Europe
CAMP Working Paper Series No 4/2012.
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Marco J. Lombardi, Francesco Ravazzolo
Oil price density forecasts: Exploring the linkages with stock markets
CAMP Working Paper Series No 3/2012.
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Knut Are Aastveit, Hilde C. Bjørnland, Leif Anders Thorsrud
What drives oil prices? Emerging versus developed economies
CAMP Working Paper Series No 2/2012.
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Hilde C Bjørnland, Dag Henning Jacobsen
House prices and stock prices: Different roles in the U.S. monetary transmission mechanism
CAMP Working Paper Series No 1/2012.
2011
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Knut Are Aastveit, Hilde C Bjørnland, Leif Anders Thorsrud
The world is not enough! Small open economies and regional dependence
CAMP Working Paper Series No 3/2011.
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Francesco Ravazzolo, Philip Rothman
Oil and US GDP: A Real-Time out-of Sample Examination
CAMP Working Paper Series No 2/2011.
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Knut Are Aastveit, Karsten R. Gerdrup, Anne Sofie Jore, Leif Anders Thorsrud
Nowcasting GDP in Real-Time. A Density Comintaion Approach
CAMP Working Paper Series No 1/2011.
2010
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Hilde C. Bjørnland, Karsten Gerdrup, Anne Sofie Jore, Christie Smith, Leif Anders Thorsrud
Does forecast combination improve Norges Bank inflation forecasts?
CAMP Working Paper Series No 2/2010.
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Hilde C. Bjørnland and Jørn I. Halvorsen
How does monetary policy respond to exchange rate movements? New international evidence.
CAMP Working Paper Series No 1/2010.