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dc.contributor.authorAlsem, Karel-Janen_US
dc.contributor.authorBrakman, Stevenen_US
dc.contributor.authorHoogduin, Lexen_US
dc.contributor.authorKuper, Gerarden_US
dc.date.accessioned2009-01-28T15:52:13Z-
dc.date.available2009-01-28T15:52:13Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/18693-
dc.description.abstractIt is sometimes argued that news reports in the media suffer from biased reporting. Mullainathan and Shleifer (2002) argue that there are two types of media bias. One bias, called ideology, reflects a news outlet?s desire to affect reader opinions in a particular direction. The second bias, referred to as spin, reflects the outlet?s attempt to simply create a memorable story. Competition between outlets can eliminate the effect of ideological bias, but increases the incentive to spin stories. We examine whether we find some evidence of spin in Dutch newspaper reporting on the state of the economy. If newspapers are indeed able to create memorable stories this should, according to our hypothesis, affect the opinion of readers with respect to the state of the economy. Sentiments about the actual state of the economy could be magnified by spin. As a result, consumer confidence – a variable that routinely measures the opinion on the state of the economy – can be expected to be affected not only by economic fundamentals, but also by the way these fundamentals are reported. We construct a variable that reflects the way consumers perceive economic news reported in newspapers. We find that this variable indeed has a significant impact on consumer confidence, which is short-lived.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesCESifo working papers 1328en_US
dc.subject.jelE30en_US
dc.subject.jelE21en_US
dc.subject.jelE20en_US
dc.subject.ddc330en_US
dc.subject.stwKonsumklimaen_US
dc.subject.stwKonsumentenverhaltenen_US
dc.subject.stwInformationsverhaltenen_US
dc.subject.stwWirtschaftsinformationen_US
dc.subject.stwSchätzungen_US
dc.subject.stwNiederlandeen_US
dc.subject.stwWrtschaftsjournalismusen_US
dc.titleThe impact of newspapers on consumer confidence : does spin bias exist?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn477412343en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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