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News media, common information, and sectoral comovement : conference paper
Buchen, Teresa - 2014
media coverage of economic news in Germany, we find that a higher volume of economy-wide news indeed signifi cantly … of sectoral output comovement. Although firms tend to be more susceptible to bad news, the tone of media coverage only …
Persistent link: https://www.econbiz.de/10010484401
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News and Sectoral Comovement
Lamla, Michael J.; Lein, Sarah M.; Sturm, Jan-Egbert - KOF Swiss Economic Institute, Department of Management, … - 2007
on aggregate information to make output decisions. We find empirical support for this hypothesis: news on aggregate … developments, on average, affect firms production plans significantly more than news on sector-specific developments. This result …
Persistent link: https://www.econbiz.de/10005731507
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News and Sectoral Comovement
Lamla, Michael; Lein, Sarah; Sturm, Jan-Egbert - 2008
on aggregate information to make output decisions. We find empirical support for this hypothesis: news on aggregate … developments, on average, affect firms production plans significantly more than news on sector-specific developments. This result …
Persistent link: https://www.econbiz.de/10014221825
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News and sectoral comovement
Lamla, Michael (contributor); Lein, Sarah (contributor);  … - 2007
on aggregate information to make output decisions. We find empirical support for this hypothesis: news on aggregate … developments, on average, affect firm's production plans significantly more than news on sector-specific developments. This result … ; news ; expectation driven business cycles ; information complementarities ; sectoral comovement …
Persistent link: https://www.econbiz.de/10003763587
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Media reporting and business cycles : empirical evidence based on news data
Lamla, Michael; Lein, Sarah; Sturm, Jan-Egbert - 2019
Recent literature suggests that news shocks could be an important driver of economic cycles. In this article, we use a … direct measure of news sentiment derived from media reports. This allows us to examine whether innovations in the reporting … manufacturing sector. We find that innovations in news reporting affect business expectations, even when conditioning on the current …
Persistent link: https://www.econbiz.de/10012007420
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Do News Shocks Drive Business Cycles? Evidence from German Data
Lucke, Bernd; Haertel, Thomas - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-10, pp. 1-21
We study the Beaudry and Portier (2006)-hypothesis of delayed-technology diffusion and news-driven business cycles. For …
Persistent link: https://www.econbiz.de/10010295308
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Media reporting and business cycles: Empirical evidence based on news data
Lamla, Michael; Lein-Rupprecht, Sarah M.; Sturm, Jan-Egbert - 2019
Recent literature suggests that news shocks could be an important driver of economic cycles. In this article, we use a … direct measure of news sentiment derived from media reports. This allows us to examine whether innovations in the reporting … manufacturing sector. We find that innovations in news reporting affect business expectations, even when conditioning on the current …
Persistent link: https://www.econbiz.de/10012140906
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The news media and the expectation formation of firms : conference paper
Buchen, Teresa - 2013 - Preliminary version
information that provides a coding service is the mass media. This paper investigates empirically whether the news media have an … macroeconomic news rises. Second, the news media act as an amplifi er of actual economic developments. Third, business expectations … react stronger to negative than to positive news. …
Persistent link: https://www.econbiz.de/10010338394
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Counterpart Funds and the Foreign Aid Procyclicality Puzzle
Pallage, Stephane - 2015
Official development assistance is a key source of external finance in many developing countries. A striking feature of these aid flows is their positive correlation with the business cycle of recipient countries. This pattern is puzzling in that it reinforces recipients' already strong and...
Persistent link: https://www.econbiz.de/10013030384
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Moral hazard, optimal unemployment insurance, and aggregate dynamics
Veracierto, Marcelo - 2022
In this paper, I explore how optimal aggregate dynamics can be shaped by the presence of moral hazard in unemployment insurance. I also analyze the optimal provision of unemployment insurance and the implications for the amount of cross-sectional heterogeneity. The economy that I consider embeds...
Persistent link: https://www.econbiz.de/10012887595