News‐Driven Household Macroeconomic Expectations: Regional vs. National Telecast Information
利用法国国家与区域电视新闻的主题内容差异,研究发现家庭失业、通胀和经济形势预期不仅受国家统计数据影响,还吸收了关于赤字、生活成本等新闻信息,其中区域本地劳动力市场新闻作用显著。
Abstract Using variations in the human‐annotated topic content of national and regional telecasts, I explore the link between aggregated daily news and household unemployment, inflation, and economic situation expectations in France. Beyond the information included in national statistics, household expectations embody news information on topics related to the state of the economy, such as deficit, living cost, and economic crisis. Inflation expectations additionally incorporate news on taxes, energy, and especially oil. Distinguishing regional from national television broadcasts reveals that household expectations incorporate both regional and national news, with news on local labor market conditions having a prominent role.