av Leif A. Thorsrud og Vegard H. Larsen, forskningsenheten, Norges Bank.
Humans are storytellers. Complex explanations are often condensed to simple narratives, and some go viral. Can they even have economic impact? In recent research at Norges Bank we have explored to what extent narratives are informative for economic developments. In this blog post, the first in a series of three, we describe how narratives can be quantified and used to describe business cycle fluctuations in the three major economies; the US, Japan, and the euro area. Continue reading