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dc.contributor.author
Uhl, Matthias W.
dc.date.accessioned
2017-07-07T13:32:57Z
dc.date.available
2017-06-09T18:43:37Z
dc.date.available
2017-07-07T13:32:57Z
dc.date.issued
2011-12
dc.identifier.uri
http://hdl.handle.net/20.500.11850/45055
dc.identifier.doi
10.3929/ethz-a-006804308
dc.description.abstract
We 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 nd that TV sentiment adds great value in nowcasting private consumption. We further nd 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.format
application/pdf
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
KONSUMVERHALTEN + KONSUMENTENVERHALTEN
en_US
dc.subject
TV sentiment
en_US
dc.subject
CONSUMER BEHAVIOUR
en_US
dc.subject
Consumer sentiment
en_US
dc.subject
PRIVATE CONSUMPTION
en_US
dc.subject
Private consumption
en_US
dc.subject
PRIVATER KONSUM
en_US
dc.title
Nowcasting Private Consumption with TV Sentiment
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
ethz.journal.title
KOF Working Papers
ethz.journal.volume
293
en_US
ethz.size
24 p.
en_US
ethz.code.ddc
DDC - DDC::3 - Social sciences::330 - Economics
en_US
ethz.identifier.nebis
006804308
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.::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.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
ethz.date.deposited
2017-06-09T18:44:01Z
ethz.source
ECOL
ethz.source
ECIT
ethz.identifier.importid
imp59364ee4756c470943
ethz.identifier.importid
imp59366b17bd48915079
ethz.ecolpid
eth:4934
ethz.ecitpid
pub:74107
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2017-07-07T13:33:21Z
ethz.rosetta.lastUpdated
2020-02-15T06:13:59Z
ethz.rosetta.versionExported
true
ethz.COinS
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