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The influence of negative newspaper coverage on consumer confidence: The Dutch case

Hollanders,D.A.
; 
Vliegenthart,R.
Abstract
This paper studies the empirical relationship between the real economy, consumer confidence and economic news coverage in national newspapers for the Netherlands during the period 1990–2009. Media-attention for economic developments is associated with consumer confidence, with more negative news decreasing consumer confidence; this result holds after controlling for the real economy (stock-market). The relationship differs for different business-cycles. The effect is in particular stronger for the months following the beginning of the credit-crisis. This suggests that in line with many popular concerns negative news is among factors influencing the hardness of the landing of the current credit-crisis.
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Appeared earlier as CentER Discussion Paper 2009-055
Date
2011
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Tilburg University Research Output Collection
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Hollanders, D A & Vliegenthart, R 2011, 'The influence of negative newspaper coverage on consumer confidence : The Dutch case', Journal of Economic Psychology, vol. 32, no. 3, pp. 367-373. https://doi.org/10.1016/j.joep.2011.01.003
URI
https://hdl.handle.net/20.500.14602/56911
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