Applied macroeconomics, housing market, oil market, time-series econometrics, Bayesian statistics and forecasting
Knut Are Aastveit is the Deputy Director of Norges Bank Research. He is also affiliated with CAMP at BI Norwegian Business School and an associate editor of the Journal of Applied Econometrics.
His research focus on applied macroeconomics and time series. Special interests include forecasting, Bayesian econometrics, commodity prices, business cycles, housing market and monetary policy.
Knut Are holds a Ph.D. in economics from the University of Oslo.
Major policy related project: SAM
Multivariate Bayesian Predictive Synthesis in Macroeconomic Forecasting (joint with Kenichiro McAlinn, Jouchi Nakajima and Mike West). Journal of the American Statistical Association, Forthcoming.
The Evolution of Forecast Density Combinations in Economics (joint with James Mitchell, Francesco Ravazzolo, Herman van Dijk). Oxford Research Encyclopedia of Economics and Finance, Forthcoming.
Residential investment and recession predictability (joint with Andrè K. Anundsen and Eyo Herstad). International Journal of Forecasting 35(4), 1790-1799, 2019.
Contributed discussion on: Using Stacking to Average Bayesian Predictive Distributions (joint with Kenichiro McAlinn and Mike West). Bayesian Analysis 13(3), 971-973, 2018.
Combined Density Nowcasting in an Uncertain Economic Environment (joint with Francesco Ravazzolo and Herman van Dijk). Journal of Business & Economic Statistics 36(1), 131-145, 2018.
Economic Uncertainty and the Influence of Monetary Policy (joint with Gisle J. Natvik and Sergio Sola). Journal of International Money and Finance 76, 50-67, 2017
Have Standard VARs Remained Stable Since the Crisis? (joint with Andrea Carriero, Todd Clark and Massimiliano Marcellino). Journal of Applied Econometrics 32(5), 931-951, 2017.
Density forecasts with MIDAS models (joint with Claudia Foroni and Francesco Ravazzolo). Journal of Applied Econometrics 32( 4), 783-801, 2017.
Identification and real-time forecasting of Norwegian business cycles (joint with Anne Sofie Jore and Francesco Ravazzolo). International Journal of Forecasting 32(2), 283-292, 2016.
The world is not enough! Small open economies and regional dependence (joint with Hilde C. Bjørnland and Leif Anders Thorsrud). Scandinavian Journal of Economics 118(1), 168-195, 2016.
What drives oil prices? Emerging versus developed economies (joint with Hilde C. Bjørnland and Leif Anders Thorsrud). Journal of Applied Econometrics 30(7), 1013-1028, 2015.
Oil price shocks in a data-rich environment. Energy Economics 45(C): 268-279, 2014.
Discussion of: Forecasting with factor-augmented error correction models. International Journal of Forecasting 30(3), 613-615, 2014.
Nowcasting GDP in Real-Time: A Density Combination Approach (joint with Karsten R. Gerdrup, Anne Sofie Jore and Leif Anders Thorsrud). Journal of Business & Economic Statistics 32(1), 48-68, 2014.
Estimating the Output Gap in Real Time: A Factor Model Approach (joint with Tørres G. Trovik). Quarterly Review of Economics and Finance 54(2), 180-193, 2014.
Nowcasting Norwegian GDP: The Role of Asset Prices in a Small Open Economy (joint with Tørres G. Trovik). Empirical Economics 42(1), 95-119, 2012.
Asymmetric effects of monetary policy in regional housing markets (joint with Andrè K. Anundsen). Revision requested by the American Economic Journal: Macroeconomics
Has the Fed Responded to House and Stock Prices? A Time-Varying Analysis (joint with Francesco Furlanetto and Francesca Loria). Submitted
Changing supply elasticities and regional housing booms (joint with Bruno Albuquerque and Andrè K. Anundsen). Submitted
Work in progress
Removing the property ladder? The effects of loan-to-value limits on the housing market (joint with Andrè K. Anundsen, Benjamin Beckers and Kjersti Næss Torstensen)
Time-varying Uncertainty and Exchange Rate Predictability (joint with Francesco Ravazzolo and Herman van Dijk)
The Importance of Optimism: How do Housing Experiences impact Housing Choices? (joint with Andrè K. Anundsen and Patrick Moran)