Arbeitspapier
Nowcasting private consumption with TV sentiment
We perform principal components analyses of the University of Michigan Index of Consumer Sentiment and TV sentiment in order to gain information on their structure and information content. By introducing the new sentiment variable TV sentiment, gathered from sentiment from statements from over 10,000 TV news broadcasts in the United States, we find that TV sentiment adds great value in nowcasting private consumption. We further find that TV sentiment performs markedly better than the Index of Consumer Sentiment, suggesting that using sentiment from TV news has more explanatory power than survey-based sentiment.
- Sprache
-
Englisch
- Erschienen in
-
Series: KOF Working Papers ; No. 293
- Klassifikation
-
Wirtschaft
Consumer Economics: Empirical Analysis
Macroeconomics: Consumption; Saving; Wealth
- Thema
-
TV sentiment
consumer sentiment
private consumption
Medienverhalten
Fernsehen
Konsumentenverhalten
Michigan
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Uhl, Matthias W.
- Ereignis
-
Veröffentlichung
- (wer)
-
ETH Zurich, KOF Swiss Economic Institute
- (wo)
-
Zurich
- (wann)
-
2011
- DOI
-
doi:10.3929/ethz-a-006804308
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Uhl, Matthias W.
- ETH Zurich, KOF Swiss Economic Institute
Entstanden
- 2011
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