Besley, Timothy; Fetzer, Thiemo; Mueller, Hannes - 2023
model-based measure of how far media coverage magnifies the economic response to shocks. We combine monthly aggregated and … coverage in issuing countries reporting on violent events in the destinations. To define and quantify the media multiplier we … estimate a model in which latent beliefs, shaped by either events or news coverage, drive card activity. According to the model …