Skip to search
Skip to main content
Search in
Keyword
Title (keyword)
Author (keyword)
Subject (keyword)
Title starts with
Subject (browse)
Author (browse)
Author (sorted by title)
Call number (browse)
search for
Search
Advanced Search
Bookmarks
(
0
)
Princeton University Library Catalog
Start over
Cite
Send
to
SMS
Email
EndNote
RefWorks
RIS
Printer
Bookmark
(Almost) 200 Years of News-Based Economic Sentiment / Jules H. van Binsbergen, Svetlana Bryzgalova, Mayukh Mukhopadhyay, Varun Sharma.
Author
van Binsbergen, Jules H.
[Browse]
Format
Book
Language
English
Published/​Created
Cambridge, Mass. National Bureau of Economic Research 2024.
Description
1 online resource: illustrations (black and white);
Details
Related name
National Bureau of Economic Research
[Browse]
Bryzgalova, Svetlana
[Browse]
Mukhopadhyay, Mayukh
[Browse]
Sharma, Varun
[Browse]
Series
Working Paper Series (National Bureau of Economic Research) no. w32026.
[More in this series]
NBER working paper series no. w32026
Summary note
Using text from 200 million pages of 13,000 US local newspapers and machine learning methods, we construct a 170-year-long measure of economic sentiment at the country and state levels, that expands existing measures in both the time series (by more than a century) and the cross-section. Our measure predicts GDP (both nationally and locally), consumption, and employment growth, even after controlling for commonly-used predictors, as well as monetary policy decisions. Our measure is distinct from the information in expert forecasts and leads its consensus value. Interestingly, news coverage has become increasingly negative across all states in the past half-century.
Notes
January 2024.
Source of description
Print version record
Statement on responsible collection description
Princeton University Library aims to describe library materials in a manner that is respectful to the individuals and communities who create, use, and are represented in the collections we manage.
Read more...
Other views
Staff view
Ask a Question
Suggest a Correction
Supplementary Information