Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/54714 
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dc.contributor.authorUhl, Matthias W.en
dc.date.accessioned2011-12-30-
dc.date.accessioned2012-01-18T10:50:33Z-
dc.date.available2012-01-18T10:50:33Z-
dc.date.issued2011-
dc.identifier.pidoi:10.3929/ethz-a-006804308en
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
dc.language.isoengen
dc.publisher|aETH Zurich, KOF Swiss Economic Institute |cZurichen
dc.relation.ispartofseries|aKOF Working Papers |x293en
dc.subject.jelD12en
dc.subject.jelE21en
dc.subject.ddc330en
dc.subject.keywordTV sentimenten
dc.subject.keywordconsumer sentimenten
dc.subject.keywordprivate consumptionen
dc.subject.stwMedienverhaltenen
dc.subject.stwFernsehenen
dc.subject.stwKonsumentenverhaltenen
dc.subject.stwMichiganen
dc.titleNowcasting private consumption with TV sentiment-
dc.typeWorking Paperen
dc.identifier.ppn68132967Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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