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dc.contributor.authorUhl, Matthias W.en_US
dc.date.accessioned2011-12-30en_US
dc.date.accessioned2012-01-18T10:50:33Z-
dc.date.available2012-01-18T10:50:33Z-
dc.date.issued2011en_US
dc.identifier.pidoi:10.3929/ethz-a-006804308-
dc.identifier.urihttp://hdl.handle.net/10419/54714-
dc.description.abstractWe 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.en_US
dc.language.isoengen_US
dc.publisherKOF Zürichen_US
dc.relation.ispartofseriesKOF working papers // KOF Swiss Economic Institute, ETH Zurich 293en_US
dc.subject.jelD12en_US
dc.subject.jelE21en_US
dc.subject.ddc330en_US
dc.subject.keywordTV sentimenten_US
dc.subject.keywordconsumer sentimenten_US
dc.subject.keywordprivate consumptionen_US
dc.subject.stwMedienverhaltenen_US
dc.subject.stwFernsehenen_US
dc.subject.stwKonsumentenverhaltenen_US
dc.subject.stwMichiganen_US
dc.titleNowcasting private consumption with TV sentimenten_US
dc.typeWorking Paperen_US
dc.identifier.ppn68132967Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich

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