The Influence of Negative Newspaper Coverage on Consumer Confidence: The Dutch Case

D.A. Hollanders, R. Vliegenthart

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Abstract

This paper studies the empirical relationship between the real economy, consumer confidence and economic news coverage in national newspapers for the Netherlands during the period 1990-2008. Media-attention for economic developments Granger-causes consumer confidence, with more negative news decreasing consumer confidence; this result holds when controlling for the real economy (stock-market). This suggests that in line with many popular concerns negative news is among factors influencing the hardness of the landing of the current credit-crisis, whereas positive news might have been a contributing factor in the build-up of asset- and housing bubbles.
Original languageEnglish
Place of PublicationTilburg
PublisherMacroeconomics
Number of pages16
Volume2009-55
Publication statusPublished - 2009

Publication series

NameCentER Discussion Paper
Volume2009-55

Keywords

  • Consumer Confidence
  • Media
  • VAR-analysis.

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