The influence of negative newspaper coverage on consumer confidence: The Dutch case |
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Authors: | David HollandersRens Vliegenthart |
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Institution: | a Section Innovation and Public Sector Efficiency, Delft University of Technology, Jaffalaan 5, 2628 BX Delft, The Netherlands b Amsterdam School of Communication Research, University of Amsterdam, Kloveniersburgwal 48, 1012 CX Amsterdam, The Netherlands |
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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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Keywords: | 2750 |
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