Browsing Norges Banks vitenarkiv by Author "Maffei-Faccioli, Nicolò"

Now showing items 1-6 of 6

    • Bad News, Good News: Coverage and Response Asymmetries 

      Gambetti, Luca; Maffei-Faccioli, Nicolò; Zoi, Sarah (Working paper;8/2022, Working paper, 2022)
      We study the dynamic link between economic news coverage and the macroeconomy. We construct two measures of media coverage of bad and good unemployment figures based on three major US newspapers. Using nonlinear time series ...

    • Foreign banks and the doom loop 

      Albertazzi, Ugo; Cimadomo, Jacopo; Maffei-Faccioli, Nicolò (Working paper;2/2022, Working paper, 2022)
      This paper explores whether foreign banks stabilise or destabilise lending to the real economy in the presence of sovereign stress in the domestic economy and abroad. In this context, the presence of foreign intermediaries ...

    • Identifying the sources of the slowdown in growth: Demand vs. supply 

      Maffei-Faccioli, Nicolò (Working Paper;9/2021, Working paper, 2021)
      Long-run GDP growth has declined in the United States over the past two decades. Two competing views take the stage in accounting for this slowdown: demand-side and supply-side. I empirically quantify their relative ...

    • The impact of financial shocks on the forecast distribution of output and inflation 

      Forni, Mario; Gambetti, Luca; Maffei-Faccioli, Nicolò; Sala, Luca (Working paper;3/2023, Working paper, 2023)
      Financial shocks represent a major driver of fluctuations in tail risk, defined as the 5th percentile of the forecast distributions of output and inflation. Since the variance and the asymmetry of the forecast distributions ...

    • Nonlinear transmission of financial shocks: Some new evidence 

      Forni, Mario; Gambetti, Luca; Maffei-Faccioli, Nicolò; Sala, Luca (Working paper;3/2022, Working paper, 2022)
      Financial shocks generate a protracted and quantitatively important effect on real economic activity and financial markets only if the shocks are both negative and large. Otherwise, their role is quite modest. Financial ...

    • Where do they care? : The ECB in the media and inflation expectations 

      Larsen, Vegard Høghaug; Maffei-Faccioli, Nicolò; Pagenhardt, Laura (Working paper;4/2023, Working paper, 2023)
      This paper examines how news coverage of the European Central Bank (ECB) affects consumer inflation expectations in the four largest euro area countries. Utilizing a unique dataset of multilingual European news articles, ...