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.
BI Research Centre
- All Items
- Publications
- Working Papers
2025
-
Dimitris Korobilis and Leif Anders Thorsrud
Evaluating Monetary Policy using Deviation Errors
CAMP Working Paper 08/2025
-
Eleonora Granziera, Vegard H. Larsen, Greta Meggiorini and Leonardo Melosi
Speaking of Inflation: The Influence of Fed Speeches on Expectations
CAMP Working Paper 07/2025
-
Drago Bergholt, Øistein Røisland, Tommy Sveen and Ragnar Torvik
Should monetary and fiscal policy pull in the same direction?
CAMP Working Paper 06/2025
-
Dimitris Korobilis
Exploring Monetary Policy Shocks with Large-Scale Bayesian VARs
CAMP Working Paper 05/2025
-
Hilde C. Bjørnland, Jamie L. Cross and Jonas Hölz
Re-visiting the Relationship Between Oil Prices and Monetary Policy
CAMP Working Paper 04/2025
-
Dimitris Korobilis, Emmanuel C. Mamatzakis and Vasileios Pappas
Bayesian Nonparametric Inference in Bank Business Models with Transient and Persistent Cost Inefficiency
CAMP Working Paper 03/2025
-
Luca Gambetti, Dimitris Korobilis, John D. Tsoukalas and Francesco Zanetti
Agreed and Disagreed Uncertainty
CAMP Working Paper 02/2025
-
Paul Labonne
Asymmetric uncertainty: Nowcasting using skewness in real-time data
Published in: International Journal of Forecasting
-
Yoosoon Chang, Soyoung Kim, and Joon Y. Park
How Do Macroaggregates and Income Distribution Interact Dynamically? A Novel Structural Mixed Autoregression with Aggregate and Functional Variables
CAMP Working Paper 01/2025
2024
-
Jamie L. Cross, Lennart Hoogerheide, Paul Labonne, and Herman K. van Dijk
Flexible Negative Binomial Mixtures for Credible Mode Inference in Heterogeneous Count Data from Finance, Economics and Bioinformatics
CAMP Working Paper 09/2024
-
Ruben Aag, Hilde C. Bjørnland, and Peder Eliassen
Forecasting oil and gas Prices: A Model Combination Approach
CAMP Working Paper 08/2024
-
Hilde C. Bjørnland, Leif Brubakk and Nicolò Maffei-Faccioli
Piecing the puzzle: Real exchange rates and long-run fundamentals
CAMP Working Paper 07/2024
-
Dimitris Korobilis and Maximilan Schröder
Probabilistic Quantile Factor Analysis
Published in: Journal of Business & Economic Statistics
-
Jamie L. Cross, Aubrey Poon, Wenying Yao and Dan Zhu
A Constrained Dynamic Nelson-Siegel Model for Monetary Policy Analysis
CAMP Working Paper 06/2024
-
Halvor Mehlum, Gisle Natvik and Ragnar Torvik
The Impossible Trinity: Competitive Markets, Free Entry, and Efficiency
Published in: Journal of Public Economics
-
Andreas Fagereng, Helene Onshuus and Kjersti N. Torstensen
The consumption expenditure response to unemployment: Evidence from Norwegian households
Published in: Journal of Monetary Economics
-
Knut Are Aastveit, Hilde C. Bjørnland, Jamie L. Cross and Helene Olsen Kalstad
Unveiling inflation: Oil Shocks, Supply Chain Pressures, and Expectations
CAMP Working Paper 05/2024
-
Knut Are Aastveit, Jamie Cross, Francesco Furlanetto and Herman K. Van Dijk
Taylor Rules with Endogenous Regimes
CAMP Working Paper 04/2024
-
Dimitris Korobilis and Maximilian Schröder
Monitoring multi-country macroeconomic risk: A quantile factor-augmented vector autoregressive (QFAVAR) approach
Published in: Journal of Econometrics
-
Hilde C. Bjørnland and Julia Skretting
The shale oil boom and the U.S. economy: Spillovers and time-varying effects
Published in: Journal of Applied Econometrics
-
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
-
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
-
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
-
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
-
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
-
Paul Labonne and Leif Anders Thorsrud
Risky news and credit market sentiment
CAMP Working Paper 14/2023
-
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
-
Hilde C. Bjørnland, Roberto Casarin, Marco Lorusso and Francesco Ravazzolo
Fiscal Policy Regimes in Resource-Rich Economies
CAMP Working Paper 13/2023
-
Jamie L. Cross, Aubrey Poon and Dan Zhu
Uncertainty and the Term Structure of Interest Rates
CAMP Working Paper 12/2023
-
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
-
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
-
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
-
Stylianos Asimakopoulos, Marco Lorusso and Francesco Ravazzolo
A Bayesian DSGE Approach to Modelling Cryptocurrency
CAMP Working Paper 09/2023
-
Fabio Canova and Kenneth Sæterhagen Paulsen
Symbolic stationarization of dynamic equilibrium models
Published in: Journal of Economic Dynamics and Control, 2023, Vol. 154, 104710
-
Hilde C. Bjørnland, Jamie L. Cross and Felix Kapfhammer
The Drivers of Emission Reductions in the European Carbon Market
CAMP Working Paper 08/2023
-
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
-
Øistein Røisland, Tommy Sveen and Ragnar Torvik
The interplay between monetary and fiscal policy in a small open economy
CAMP Working Paper 07/2023
-
Dimitris Korobilis and Maximilian Schröder
Monitoring multicountry macroeconomic risk
CAMP Working Paper 06/2023
-
Dimitris Korobilis and Maximilian Schröder
Probabilistic Quantile Factor Analysis
CAMP Working Paper 05/2023
-
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
-
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
-
Ragnar E. Juelsrud and Vegard H. Larsen
Macroeconomic uncertainty and bank lending
Published in: Economics Letters, 2023, Vol. 225, 111041
-
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
-
Yoosoon Chang, Ana Maria Herrera and Elena Pesavento
Oil Prices Uncertainty, Endogenous Regime Switching, and Inflation Anchoring
CAMP Working Paper 02/2023
-
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
-
Jan Ditzen and Francesco Ravazzolo
Dominant Drivers of National Inflation
CAMP Working Paper 08/2022
-
Hilde C. Bjørnland
Den økonomiske styringen av det moderne Norge: Handlingsregelen og Oljefondet
Published in: Samfunnsøkonomene, no. 4, 2022
-
Hilde C. Bjørnland
The effect of rising energy prices amid geopolitical developments and supply disruptions
CAMP Working Paper 07/2022
-
Caroline Espegren and Jon Ellingsen
Lost in transition? Earnings losses of displaced petroleum workers
CAMP Working Paper 06/2022
-
Ragnar E. Juelsrud and Vegard H. Larsen
Macroeconomic uncertainty and bank lending
CAMP Working Paper 05/2022
-
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
-
Drago Bergholt, Øistein Røisland, Tommy Sveen and Ragnar Torvik
Monetary policy when export revenues drop
CAMP Working Paper 04/2022
-
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
-
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
-
Sercan Eraslan and Maximilian Schröder
Nowcasting GDP with a pool of factor models and a fast estimation algorithm
Forthcoming in: International Journal of Forecasting
-
Julia Skretting
Oil Windfalls and Regional Economic Performance in Russia
CAMP Working Paper 02/2022
-
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.
-
Lassi Ahlvik, Jørgen Juel Andersen, Jonas Hveding Hamang and Torfinn Harding
Quantifying supply-side climate policies
CAMP Working Paper 01/2022
-
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
-
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
-
Knut Are Aastveit, Ragnar Enger Juelsrud and Ella Getz Wold
The household effects of mortgage regulation
CAMP Working Paper 07/2021
-
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
-
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
-
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
-
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
-
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
-
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"
-
Jamie L. Cross, Chenghan Hou, Gary Koop and Aubrey Poon
Macroeconomic Forecasting with Large Stochastic Volatility in Mean VARs
CAMP Working Paper 4/2021
-
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
-
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
-
Halvor Mehlum, Gisle Natvik and Ragnar Torvik
The Inefficient Combination: Competitive Markets, Free Entry, and Democracy
CAMP Working Paper 2/2021
-
Fabio Canova and Christian Matthes
A composite likelihood approach for dynamic structural models
Published in: The Economic Journal , Vol. 131, pages 2447-2477.
-
Fabio Canova and Christian Matthes
Dealing with misspecification in macroeconometric models
Published in: Quantitative Economics, Volume 12, Issue 2 (May 2021)
-
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
-
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
-
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
-
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
-
Vegard Høghaug Larsen
Components of uncertainty
Published in: International Economic Review, Vol. 62, No. 2, May 2021 DOI: 10.1111/iere.12499
2020
-
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
-
Hilde C. Bjørnland, Roberto Casarin, Marco Lorusso and Francesco Ravazzolo
Oil and Fiscal Policy Regimes
CAMP Working Paper Series No 11/2020
-
Felix Kapfhammer, Vegard H. Larsen and Leif Anders Thorsrud
Climate Risk and Commodity Currencies
CAMP Working Paper Series No 10/2020
-
Jamie Cross, Bo Zhang and Na Guo
Time-Varying Trend Models for Forecasting Inflation in Australia
CAMP Working Paper Series No 09/2020
-
Jon Ellingsen, Vegard H. Larsen and Leif Anders Thorsrud
News media vs. FRED-MD for macroeconomic forecasting
CAMP Working Paper Series No 08/2020
-
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
-
Matteo Iacopini, Francesco Ravazzolo and Luca Rossini
Proper scoring rules for evaluating asymmetry in density forecasting
CAMP Working Paper Series No 06/2020
-
Angelica Gianfreda, Francesco Ravazzolo and Luca Rossini
Large Time-Varying Volatility Models for Electricity Prices
CAMP Working Paper Series No 05/2020
-
Halvor Mehlum and Ragnar Torvik
Macroeconomics in the time of the Corona
CAMP Working Paper Series No 04/2020
-
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
-
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
-
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
-
Halvor Mehlum, Ragnar Torvik and Simone Valente
Growth with Age-Dependent Preferences
Published in: Journal of International Trade & Economic Development, 2020
-
Vegard H. Larsen, Leif Anders Thorsrud and Julia Zhulanova
News-driven inflation expectations and information rigidities
Published in: Journal of Monetary Economics, 2020,
-
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
-
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
-
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
-
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.
-
Isabel Hovdahl
Deadly Variation: The Effect of Temperature Variability on Mortality
CAMP Working Paper Series No 01/2020
2019
-
Thomas S. Gundersen
The Impact of U.S. Supply Shocks on the Global Oil Price
Published in: The Energy Journal, 2020, Vol. 41
-
Davide Ferrari, Francesco Ravazzolo and Joaquin Vespignani
Forecasting Energy Commodity Prices: A Large Global Dataset Sparse Approach
CAMP Working Paper Series No 11/2019
-
Even Comfort Hvinden
OPEC's crude game: The supply curve in a dynamic, strategic environment
CAMP Working Paper Series No 10/2019
-
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
-
Hilde C. Bjørnland
Supply flexibility in the shale patch: Facts, no fiction
CAMP Working Paper Series No 08/2019
-
Stylianos Asimakopoulos, Marco Lorusso, and Francesco Ravazzolo
A New Economic Framework: A DSGE Model with Cryptocurrency
CAMP Working Paper Series No 07/2019
-
Saskia ter Ellen, Vegard H. Larsen and Leif Anders Thorsrud
Narrative monetary policy surprises and the media
CAMP Working Paper Series No 06/2019
-
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
-
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
-
Jamie Cross and Aubrey Poon
On the contribution of international shocks in Australian business cycle fluctuations
Published in: Empirical Economics, 2019, pp. 1-25.
-
Ragnar Torvik
Ny teknologi, produktivitetsvekst og renter
Published in: Samfunnsøkonomene, 2019, Vol. 133, pp. 40-48
-
Hilde C. Bjørnland, Leif Anders Thorsrud and Ragnar Torvik
Dutch Disease Dynamics Reconsidered
Published in: European Economic Review, 2019, Vol.119, pp. 411-433.
-
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
-
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.
-
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
-
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
-
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
-
Leif Anders Thorsrud
Words are the new numbers. A newsy coincident index of the business cycle
Publised in: Journal of Business & Economic Statistics , 2018
-
Isabel Hovdahl
On the use of machine learning for causal inference in climate economics
CAMP Working Paper Series No 05/2019
-
Knut Are Aastveit, Bruno Albuquerque and André Anundsen
Changing supply elasticities and regional housing booms
CAMP Working Paper Series No 04/2019
-
Vegard H. Larsen, Leif Anders Thorsrud and Julia Zhulanova
News-driven inflation expectations and information rigidities
CAMP Working Paper Series No 03/2019
-
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
-
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
-
Halvor Mehlum, Ragnar Torvik and Simone Valente
Growth with Age-Dependent Preferences
CAMP Working Paper Series No 14/2018
-
Fabio Canova and Filippo Ferroni
Mind the gap! Stylized dynamic facts and structural models
CAMP Working Paper Series No 13/2018
-
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
-
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
-
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
-
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
-
Fabio Canova and Christian Matthes
A composite likelihood approach for dynamic structural models
CAMP Working Paper Series No 10/2018
-
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
-
Thomas S. Gundersen
The Impact of U.S. Supply Shocks on the Global Oil Price
CAMP Working Paper Series No 7/2018
-
Vegard H. Larsen and Leif Anders Thorsrud
Business cycle narratives
CAMP Working Paper Series No 6/2018
-
Leopoldo Catania, Stefano Grassi and Francesco Ravazzolo
Forecasting Cryptocurrencies Financial Time Series
CAMP Working Paper Series No 5/2018
-
Hilde C. Bjørnland, Leif Anders Thorsrud and Ragnar Torvik
Dutch Disease Dynamics Reconsidered
CAMP Working Paper Series No 4/2018
-
Leopoldo Catania, Stefano Grassi and Francesco Ravazzolo
Predicting the Volatility of Cryptocurrency Time–Series
CAMP Working Paper Series No 3/2018
-
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
-
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
-
Ragnar Torvik
Should Developing Countries Establish Petroleum Funds?
Published in: The Energy Journal, 2018, Vol.39(4)
-
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
-
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
-
Andrew Binning and Junior Maih
Modelling Occasionally Binding Constraints Using Regime-Switching
CAMP Working Paper Series No 9/2017
-
Knut Are Aastveit, André K. Anundsen and Eyo I. Herstad
Residential investment and recession predictability
CAMP Working Paper Series No 8/2017
-
Knut Are Aastveit and André K. Anundsen
Asymmetric effects of monetary policy in regional housing markets
CAMP Working Paper Series No 7/2017
-
Hilde C. Bjørnland, Vegard H. Larsen, Junior Maih
Oil and macroeconomic (in)stability
CAMP Working Paper Series No 6/2017
-
Vegard Høghaug Larsen and Leif Anders Thorsrud
Asset returns, news topics, and media effects
CAMP Working Paper Series No 5/2017
-
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
-
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
-
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
-
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
-
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
-
Ragnar Torvik
Should Developing Countries Establish Petroleum Funds?
CAMP Working Paper Series No 3/2017
-
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
-
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
-
Jørgen Juel Andersen, Frode Martin Nordvik, Andrea Tesei
Oil and Civil conflict: On and off (shore)
CAMP Working Paper Series No 1/2017
2016
-
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
-
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)
-
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
-
Francesco Ravazzolo, Tommy Sveen, Sepideh K. Zahiri
Commodity Futures and Forecasting Commodity Currencies
CAMP Working Paper Series No 7/2016.
-
Leif Anders Thorsrud
Nowcasting using news topics Big Data versus big bank
CAMP Working Paper Series No 6/2016.
-
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
-
Davide Pettenuzzu and Francesco Ravazzolo
OPTIMAL PORTFOLIO CHOICE UNDER DECISION-BASED MODEL COMBINATIONS
Published in: Journal of Applied Econometrics, 2016, Vol 31(7)
-
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
-
Halvor Mehlum, Ragnar Torvik and Simone Valente
The Savings Multiplier
Published in: Journal of Monetary Economics, 2016, vol. 83(C), 90-105
-
Egil Matsen, Gisle J. Natvik and Ragnar Torvik
Petro populism
Published in: Journal of Development Economics, 2016, vol. 118, 1-12
-
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
-
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
-
Farooq Akram, Andrew Binning, Junior Maih
Joint Prediction Bands for Macroeconomic Risk Management
CAMP Working Paper Series No 5/2016.
-
Leif Anders Thorsrud
Words are the new numbers: A newsy coincident index of business cycles
CAMP Working Paper Series No 4/2016.
-
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
-
Andrew Binning, Junior Maih
Implementing the Zero Lower Bound in an Estimated Regime-Switching DSGE Model
CAMP Working Paper Series No 3/2016.
-
Fabio Canova, Mehdi Hamidi Sahneh
Are Small-Scale SVARs Useful for Business Cycle Analysis? Revisiting Non-Fundamentalness
CAMP Working Paper Series No 2/2016.
-
Fabio Canova, Filippo Ferroni, Christian Matthes
Approximating time-varying structural models with time-invariant structures
CAMP Working Paper Series No 1/2016.
2015
-
Andrew Binning, Junior Maih
Applying Flexible Parameter Restrictions in Markov-Switching Vector Autoregression Models
CAMP Working Paper Series No 12/2015.
-
Francesco Ravazzolo, Philip Rothman
Oil-Price Density Forecasts of U.S. GDP
CAMP Working Paper Series No 10/2015.
-
Davide Pettenuzzo, Francesco Ravazzolo
Optimal Portfolio Choice under Decision-Based Model Combinations
CAMP Working Paper Series No 9/2015.
-
Fabian Krüger, Todd E. Clark, Francesco Ravazzolo
Using Entropic Tilting to Combine BVAR Forecasts with External Nowcasts
CAMP Working Paper Series No 8/2015.
-
Hilde C. Bjørnland, Vegard H. Larsen
Oil and macroeconomic (in)stability
CAMP Working Paper Series No 7/2015.
-
Hilde C. Bjørnland, Leif Anders Thorsrud
Commodity prices and fiscal policy design: Procyclical despite a rule
CAMP Working Paper Series No 5/2015.
-
Andrew Binning, Junior Maih
Sigma Point Filters For Dynamic Nonlinear Regime Switching Models
CAMP Working Paper Series No 4/2015.
-
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.
-
Francesco Ravazzolo, Joaquin L. Vespignani
A new Monthly Indicator of Global Real Economic Activity
CAMP Working Paper Series No 2/2015.
-
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.
-
Lars-Erik Borge, Pernille Parmer and Ragnar Torvik
Local Natural Resource Curse?
Published in: Journal of Public Economics, 2015, vol. 131, 101-114
-
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
-
Junior Maih
Efficient Perturbation Methods for Solving Regime-Switching DSGE Models
CAMP Working Paper Series No 10/2014.
-
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.
-
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.
-
Hilde C. Bjørnland, Leif Anders Thorsrud
Boom or Gloom? Examining the Dutch Disease in Two-Speed Economies
CAMP Working Paper Series No 6/2014.
-
Drago Bergholt
Foreign Shocks in an Estimated Multi-Sector Model
CAMP Working Paper Series No 4/2014.
-
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
-
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
-
Knut Are Aastveit, Claudia Foroni, Francesco Ravazzolo
Density Forecasts with MIDAS Models
CAMP Working Paper Series No 3/2014
-
Drago Bergholt,Tommy Sveen
Sectoral Interdependence and Business Cycle Synchronization in Small Open Economies
CAMP Working Paper Series No 2/2014
2013
-
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.
-
Jørgen Juel Andersen, Jon H. Fiva, Gisle James Natvik
Voting when the Stakes are High
CAMP Working Paper Series No 8/2013.
-
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.
-
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
-
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.
-
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.
-
Lars-Erik Borge, Pernille Parmer, Ragnar Torvik
Local Natural Resource Curse?
CAMP Working Paper Series No 5/2013.
-
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
-
Halvor Mehlum, Ragnar Torvik and Simone Valente
China's Savings Multiplier
CAMP Working Paper Series No 4/2013.
-
Leif Anders Thorsrud
Global and regional business cycles: Shocks and propagations
CAMP Working Paper Series No 3/2013.
-
Daron Acemoglu, James A. Robinson and Ragnar Torvik
Why do voters dismantle checks and balances?
Published in: Review of Economic Studies, 2013, 845-875
-
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.
-
Jørgen Juel Andersen and Silje Asalksen
Oil and political survival
Published in: Journal of Development Economics, Elsevier, 2013, vol. 100(1), 89-106
-
Daron Acemoglu, James A. Robinson, Ragnar Torvik
Why do voters dismantle checks and balances?
CAMP Working Paper Series No 1/2013.
-
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
-
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
-
Massimiliano Caporin, Loriana Pelizzon, Francesco Ravazzolo, Roberto Rigobon
Measuring sovereign contagion in Europe
CAMP Working Paper Series No 4/2012.
-
Marco J. Lombardi, Francesco Ravazzolo
Oil price density forecasts: Exploring the linkages with stock markets
CAMP Working Paper Series No 3/2012.
-
Knut Are Aastveit, Hilde C. Bjørnland, Leif Anders Thorsrud
What drives oil prices? Emerging versus developed economies
CAMP Working Paper Series No 2/2012.
-
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
-
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.
-
Francesco Ravazzolo, Philip Rothman
Oil and US GDP: A Real-Time out-of Sample Examination
CAMP Working Paper Series No 2/2011.
-
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
-
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.
-
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.