Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/50355
Authors: 
Uhl, Matthias W.
Year of Publication: 
2010
Series/Report no.: 
KOF working papers // KOF Swiss Economic Institute, ETH Zurich 268
Abstract: 
With a novel dataset, we test whether sentiment in TV news can be used as a proxy for consumer sentiment in order to explain changes in private consumption growth in the United States. The University of Michigan Index of Consumer Sentiment is taken to compare its explanatory power with TV sentiment in classical consumer behavior models. We find that TV sentiment can be used at least as good a proxy for consumer sentiment as the Index of Consumer Sentiment, while TV sentiment can best explain private consumption behavior with personal income and savings.
Subjects: 
TV sentiment
consumer sentiment
private consumption
JEL: 
D12
E21
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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