News-driven inflation expectations and information rigidities

In the new CAMP working paper 03/2019, Larsen, Thorsrud and Zhulanova investigate the role played by the media in the expectations formation process of households. Building on a theoretical noisy information model, augmented with a simple media channel, they first document that the degree of information rigidity among households varies significantly across time. In turn, using …

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New Kid on the Block? China vs the US in World Oil Markets

Over the past three decades, China has rapidly emerged as one of the most important economies in the world. Three decades ago, China was the 11th largest economy by world share of GDP, and in 2019 the country has become the second largest economy in the world. Following this rapid expansion, China is now the …

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FNI Update April – A Stable Economy

The Financial News index (FNI) is designed to track Norwegian GDP growth and the business cycle at high frequency. The underlying indicators are daily time series representing how much the media writes about various topics. The FNI was last updated 30 April The FNI index increased slightly in April, following a short slowdown at the …

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