• Asset Returns, News Topics, and Media Effects 

      Larsen, Vegard Høghaug; Thorsrud, Leif Anders (Working Papers;17/2017, Working paper, 2017)
      We decompose the textual data in a daily Norwegian business newspaper into news topics and investigate their predictive and causal role for asset prices. Our three main findings are: (1) a one unit innovation in the news ...
    • Components of Uncertainty 

      Larsen, Vegard Høghaug (Working Papers;5/2017, Working paper, 2017)
      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 ...
    • News media vs. FRED-MD for macroeconomic forecasting 

      Ellingsen, Jon; Larsen, Vegard H.; Thorsrud, Leif Anders (Working Paper;14/2020, Working paper, 2020)
      Using a unique dataset of 22.5 million news articles from the Dow Jones Newswires Archive, we perform an in depth real-time out-of-sample forecasting comparison study with one of the most widely used data sets in the newer ...