News-Driven Household Macroeconomic Expectations: Regional vs. National Telecast Information

Mon, 01 Jan 2024 00:00:00 +0000

Research question and motivation: The paper asks whether and which television news topics shape French households’ one-year-ahead macroeconomic expectations (inflation, unemployment, economic situation), over and above information already in national statistics, and whether REGIONAL (not just national) news matters. This is important because media are the primary information intermediary between households and the economy, household expectations feed into consumption/spending decisions and thus monetary-policy transmission, and the literature had largely ignored that households’ information sets may depend on local/regional economic conditions.

Justine Guillochon | Macro Paper Warehouse

News-Driven Household Macroeconomic Expectations: Regional vs. National Telecast Information