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The impact of newspapers on consumer confidence : does spin bias exist?

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dc.creator Alsem, Karel-Jan
dc.creator Brakman, Steven
dc.creator Hoogduin, Lex
dc.creator Kuper, Gerard
dc.date 2004
dc.date.accessioned 2013-10-16T07:00:53Z
dc.date.available 2013-10-16T07:00:53Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18693
dc.identifier ppn:477412343
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18693
dc.description It is sometimes argued that news reports in the media suffer from biased reporting. Mullainathan and Shleifer (2002) argue that there are two types of media bias. One bias, called ideology, reflects a news outlet?s desire to affect reader opinions in a particular direction. The second bias, referred to as spin, reflects the outlet?s attempt to simply create a memorable story. Competition between outlets can eliminate the effect of ideological bias, but increases the incentive to spin stories. We examine whether we find some evidence of spin in Dutch newspaper reporting on the state of the economy. If newspapers are indeed able to create memorable stories this should, according to our hypothesis, affect the opinion of readers with respect to the state of the economy. Sentiments about the actual state of the economy could be magnified by spin. As a result, consumer confidence – a variable that routinely measures the opinion on the state of the economy – can be expected to be affected not only by economic fundamentals, but also by the way these fundamentals are reported. We construct a variable that reflects the way consumers perceive economic news reported in newspapers. We find that this variable indeed has a significant impact on consumer confidence, which is short-lived.
dc.language eng
dc.relation CESifo working papers 1328
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject E30
dc.subject E21
dc.subject E20
dc.subject ddc:330
dc.subject Konsumklima
dc.subject Konsumentenverhalten
dc.subject Informationsverhalten
dc.subject Wirtschaftsinformation
dc.subject Schätzung
dc.subject Niederlande
dc.subject Wrtschaftsjournalismus
dc.title The impact of newspapers on consumer confidence : does spin bias exist?
dc.type doc-type:workingPaper

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