Can news help measure economic sentiment? An application in COVID-19 times.
Econ Lett
; 199: 109730, 2021 Feb.
Article
en En
| MEDLINE
| ID: mdl-36540696
ABSTRACT
We construct a new newspaper-based sentiment indicator for Spain that allows to monitor economic activity in real-time. As opposed to survey-based confidence indicators that are released at the end of the month, our indicator can be constructed on a daily basis. We compare our index with the popular Economic Sentiment Indicator of the European Commission and show that ours performs significantly better in nowcasting the Spanish GDP. Moreover, it proves to be helpful to predict the current COVID-19 recession from an earlier date.
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1
Banco de datos:
MEDLINE
Tipo de estudio:
Health_economic_evaluation
Idioma:
En
Año:
2021
Tipo del documento:
Article