Fagprofil

Vegard Høghaug Larsen

Forsker II - Institutt for samfunnsøkonomi

Publikasjoner

Thorsrud, Leif Anders; Larsen, Vegard Høghaug & ter Ellen, Saskia (2021)

Narrative Monetary Policy Surprises and the Media

Journal of Money, Credit and Banking

Larsen, Vegard Høghaug (2020)

Components of Uncertainty

International Economic Review Doi: 10.1111/iere.12499

Uncertainty is acknowledged to be a source of economic fluctuations. But, does the type of uncertainty matter for the economy’s response to an uncertainty shock? This paper offers a novel identification strategy to disentangle different types of uncertainty. It uses machine learning techniques to classify different types of news instead of specifying a set of keywords. The paper finds that, depending on its source, the effects of uncertainty on a macroeconomic variable may differ. I find that both good (expansionary effect) and bad (contractionary effect) types of uncertainty exist.

Larsen, Vegard Høghaug; Thorsrud, Leif Anders & Zhulanova, Julia (2020)

News-driven inflation expectations and information rigidities

Journal of Monetary Economics Doi: 10.1016/j.jmoneco.2020.03.004

Using a large news corpus and machine learning algorithms we investigate the role played by the media in the expectations formation process of households, and conclude that the news topics media report on are good predictors of both inflation and inflation expectations. In turn, in a noisy information model, augmented with a simple media channel, we document that the time series features of relevant topics help explain time-varying information rigidity among households. As such, we provide a novel estimate of state-dependent information rigidities and present new evidence highlighting the role of the media in understanding inflation expectations and information rigidities.

Bergholt, Drago; Larsen, Vegard Høghaug & Seneca, Martin (2019)

Business cycles in an oil economy

Journal of International Money and Finance Doi: 10.1016/j.jimonfin.2017.07.005

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

Business Cycle Narratives

Working Paper, Norges Bank Doi: 10.2139/ssrn.3130108

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

Bjørnland, Hilde C; Larsen, Vegard Høghaug & Maih, Junior (2018)

Oil and macroeconomic (in)stability

American Economic Journal: Macroeconomics, 10(4), s. 128- 151. Doi: 10.1257/mac.20150171

Larsen, Vegard Høghaug & Thorsrud, Leif Anders (2017)

Asset Returns, News Topics, and Media Effects

Working Paper, Norges Bank Doi: 10.2139/ssrn.3057950

Bjørnland, Hilde C; Maih, Junior & Larsen, Vegard Høghaug (2016)

Oil and macroeconomic (in)stability

Working Paper, Norges Bank

Bjørnland, Hilde C & Larsen, Vegard Høghaug (2015)

Oil and macroeconomic (in)stability

CAMP Working paper series Doi: 10.2139/ssrn.2842560

Akademisk grad
År Akademisk institusjon Grad
2012 Norges teknisk-naturvit. univ. Master of Science
Arbeidserfaring
År Arbeidsgiver Tittel
2012 - Present BI Norwegian Business School PhD Candidate