Does It Matter Where You Search? Twitter versus Traditional News Media
比较推特与传统新闻对欧元区主权债券市场的影响，发现两者存在双向信息流，且推特对传统新闻的影响更强，推特上的“希腊退欧”推文比传统新闻更能推高希腊国债利差。
Abstract We compare news in Twitter with traditional news outlets and emphasize their differential impact on Eurozone's sovereign bond market. We reveal a two‐way information flow between Twitter's “Grexit” tweets and “Grexit” mentions in traditional news which suggests not only that both types of news serve as important empirical predictors for the sovereign bond market but also that the “old” (traditional news) and the “new” (Twitter) media are connected; however, the influence of Twitter on traditional news is stronger. Grexit tweets raise the Greek spread more than Grexit mentions in traditional news. Weak contagion effects are reported for Portugal and Ireland.