• Estimating the Output Gap in Real Time: A Factor Model Approach 

      Aastveit, Knut Are; Trovik, Tørres G. (Working Papers;23/2008, Working paper, 2008)
      An approximate dynamic factor model can substantially improve the reliability of real time output gap estimates. The model extracts a common component from macroeconomic indicators, which reduces errors in the gap due to ...
    • Global and Regional Business Cycles. Shocks and Propagations 

      Thorsrud, Leif Anders (Working Papers;8/2013, Working paper, 2013)
      We study the synchronization of real and nominal variables across four different regions of the world, Asia, Europe, North and South America, covering 32 different countries. Employing a FAVAR framework, we distinguish ...
    • Oil Price Shocks and Monetary Policy in a Data-Rich Environment 

      Aastveit, Knut Are (Working Papers;10/2013, Working paper, 2013)
      This paper examines the impact of different types of oil price shocks on the U.S. economy, using a factor-augmented VAR (FAVAR) approach. The results indicate that when examining the effects of oil price shocks, it is ...