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Televised inflation : measuring TV news coverage and its effect on household expectations
Çekin, Semih Emre
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Polattimur, Hamza
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URN:
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urn:nbn:de:bsz:180-madoc-714240
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Dokumenttyp:
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Arbeitspapier
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Erscheinungsjahr:
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2025
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Titel einer Zeitschrift oder einer Reihe:
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ZEW Discussion Papers
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Band/Volume:
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25-051
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Ort der Veröffentlichung:
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Mannheim
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Sprache der Veröffentlichung:
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Englisch
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Einrichtung:
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Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
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Fachgebiet:
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330 Wirtschaft
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Fachklassifikation:
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JEL:
E31 , D84 , E58,
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Freie Schlagwörter (Englisch):
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inflation expectations , expectation formation , TV news , text analysis
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Abstract:
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This paper introduces a novel TV news index specifically designed to track coverage of rising inflation across major US TV channels: ABC, CBS, CNN, and Fox News. The index is generated daily and aggregated into a monthly measure. Using this index, we analyze the impact of TV news on inflation expectations based on both aggregated monthly and micro-level daily data. We find that only CNN and Fox coverage have significant effects on inflation expectations, and that responses are stronger among women, younger, poorer, and less-educated households. Moreover, the effects are larger when inflation is rising and the inflationary episode is prolonged. The micro data confirm these findings and reveal a partisan bias: Republicans respond more strongly to TV news than Democrats and the effects are larger for Fox than for CNN.
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 | Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt. |
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