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 find that TV sentiment …

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 find that TV sentiment …

taken to compare its explanatory power with TV sentiment in classical consumer behavior models. We find that TV sentiment … can be used at least as good a proxy for consumer sentiment as the Index of Consumer Sentiment, while TV sentiment can …