Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/243075
Authors: 
Bareinz, Patrick
Koenings, Fabian
Year of Publication: 
2021
Series/Report no.: 
Jena Economic Research Papers No. 2021-004
Publisher: 
Friedrich Schiller University Jena, Jena
Abstract: 
We investigate the effect of how news outlets communicate macroeconomic information to consumers on support for governmental policy in the context of the COVID-19 crisis. In our survey experiment based on a representative sample of 3000 individuals in Germany, respondents are exposed to an expert forecast of GDP growth. Individuals are randomly assigned to either receive no information, the baseline forecast information, or real-world frames of the same information used in newspaper articles on the topic. We find that in contrast to the baseline information, positive framing of forecasted economic growth by news outlets increases support for pandemic policy. This effect is especially pronounced for respondents with more pessimistic macroeconomic expectations. Further evidence suggests that negative economic news are perceived as more credible and hence less surprising in times of recession, not translating into a change in political opinion.
Subjects: 
expectation formation
information experiment
media framing
macro economic information
policy support
COVID-19 crisis
JEL: 
C90
D83
D84
D91
Document Type: 
Working Paper

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