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dc.contributor.author
Lamla, Michael J.
dc.contributor.author
Lein, Sarah M.
dc.date.accessioned
2017-11-21T15:11:54Z
dc.date.available
2017-06-12T17:16:52Z
dc.date.available
2017-11-21T15:11:54Z
dc.date.issued
2008-06
dc.identifier.uri
http://hdl.handle.net/20.500.11850/124083
dc.identifier.doi
10.3929/ethz-a-005640674
dc.description.abstract
This paper analyzes the impact of the media on consumers' inflation expectations. We distinguish two channels through which media can influence expectations. First, the intensity of news coverage on inflation plays a role (volume channel). Second, the content of these reports matters (tone channel). Employing a unique data set capturing media reports on inflation in Germany comprising 01/1998-12/2006 we are able to discriminate between these two effects. We find that the volume effect generally improves the accuracy of consumer forecasts while the tone channel induces a media bias.
en_US
dc.language.iso
en
en_US
dc.publisher
KOF Swiss Economic Institute, ETH Zurich
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
Media bias
en_US
dc.subject
MASS COMMUNICATION + MASS MEDIA (SOCIOLOGY)
en_US
dc.subject
INFLATION
en_US
dc.subject
MASSENKOMMUNIKATION + MASSENMEDIEN (SOZIOLOGIE)
en_US
dc.subject
Expectation formation
en_US
dc.subject
Monetary policy
en_US
dc.subject
Media coverage
en_US
dc.title
The Role of Media for Consumers' Inflation Expectation Formation
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
ethz.journal.title
KOF Working Papers
ethz.journal.volume
201
en_US
ethz.size
31 p.
en_US
ethz.code.ddc
3 - Social sciences::330 - Economics
en_US
ethz.identifier.nebis
005640674
ethz.publication.place
Zürich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03716 - Sturm, Jan-Egbert / Sturm, Jan-Egbert
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03716 - Sturm, Jan-Egbert / Sturm, Jan-Egbert
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
ethz.date.deposited
2017-06-12T17:17:27Z
ethz.source
ECOL
ethz.source
ECIT
ethz.identifier.importid
imp593654f6bf82f13953
ethz.identifier.importid
imp59366ac0efc3186100
ethz.ecolpid
eth:30576
ethz.ecitpid
pub:186524
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2017-07-14T22:18:15Z
ethz.rosetta.lastUpdated
2018-11-06T03:07:17Z
ethz.rosetta.exportRequired
true
ethz.rosetta.versionExported
true
ethz.COinS
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