"I heard the News today, oh Boy": An updated Version of our Uncertainty Perception Indicator (UPI) – and some general thoughts on news-based economic indicators
Author
Abstract
Suggested Citation
DOI: 10.17877/DE290R-21669
Download full text from publisher
References listed on IDEAS
- N. Bloom, 2016.
"Fluctuations in uncertainty,"
Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 4.
- Nicholas Bloom, 2014. "Fluctuations in Uncertainty," Journal of Economic Perspectives, American Economic Association, vol. 28(2), pages 153-176, Spring.
- Nicholas Bloom, 2013. "Fluctuations in Uncertainty," CEP Occasional Papers 038, Centre for Economic Performance, LSE.
- Nicholas Bloom, 2014. "Fluctuations in Uncertainty," Discussion Papers 13-033, Stanford Institute for Economic Policy Research.
- Nicholas Bloom, 2013. "Fluctuations in Uncertainty," NBER Working Papers 19714, National Bureau of Economic Research, Inc.
- Nicholas Bloom, 2014. "Fluctuations In Uncertainty," Working Papers 14-17, Center for Economic Studies, U.S. Census Bureau.
- Bloom, Nicholas, 2013. "Fluctuations in uncertainty," LSE Research Online Documents on Economics 57976, London School of Economics and Political Science, LSE Library.
- Dirk Ulbricht & Konstantin A. Kholodilin & Tobias Thomas, 2017.
"Do Media Data Help to Predict German Industrial Production?,"
Journal of Forecasting, John Wiley & Sons, Ltd., vol. 36(5), pages 483-496, August.
- Kholodilin, Konstantin A. & Thomas, Tobias & Ulbricht, Dirk, 2014. "Do media data help to predict German industrial production?," DICE Discussion Papers 149, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Konstantin A. Kholodilin & Tobias Thomas & Dirk Ulbricht, 2014. "Do Media Data Help to Predict German Industrial Production?," Discussion Papers of DIW Berlin 1393, DIW Berlin, German Institute for Economic Research.
- Kholodilin, Konstantin & Kolmer, Christian & Thomas, Tobias & Ulbricht, Dirk, 2015.
"Asymmetric perceptions of the economy: Media, firms, consumers, and experts,"
DICE Discussion Papers
188, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Konstantin A. Kholodilin & Christian Kolmer & Tobias Thomas & Dirk Ulbricht, 2015. "Asymmetric Perceptions of the Economy: Media, Firms, Consumers, and Experts," Discussion Papers of DIW Berlin 1490, DIW Berlin, German Institute for Economic Research.
- Robert J. Shiller, 2017.
"Narrative Economics,"
American Economic Review, American Economic Association, vol. 107(4), pages 967-1004, April.
- Robert J. Shiller, 2017. "Narrative Economics," NBER Working Papers 23075, National Bureau of Economic Research, Inc.
- Robert J. Shiller, 2017. "Narrative Economics," Cowles Foundation Discussion Papers 2069, Cowles Foundation for Research in Economics, Yale University.
- Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65(2), pages 135-135.
- Scott R. Baker & Nicholas Bloom & Steven J. Davis, 2016.
"Measuring Economic Policy Uncertainty,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(4), pages 1593-1636.
- Scott R. Baker & Nicholas Bloom & Steven J. Davis, 2015. "Measuring Economic Policy Uncertainty," Economics Working Papers 15111, Hoover Institution, Stanford University.
- Scott R. Baker & Nicholas Bloom & Steven J. Davis, 2015. "Measuring Economic Policy Uncertainty," NBER Working Papers 21633, National Bureau of Economic Research, Inc.
- Scott R. Baker & Nicholas Bloom & Steven J. Davis, 2015. "Measuring Economic Policy Uncertainty," CEP Discussion Papers dp1379, Centre for Economic Performance, LSE.
- Baker, Scott R. & Bloom, Nicholas & Davis, Steven J., 2015. "Measuring economic policy uncertainty," LSE Research Online Documents on Economics 64986, London School of Economics and Political Science, LSE Library.
- Davis, Steven & Bloom, Nicholas & Baker, Scott, 2015. "Measuring Economic Policy Uncertainty," CEPR Discussion Papers 10900, C.E.P.R. Discussion Papers.
- Müller, Henrik & Hornig, Nico, 2020. "Expecting the Unexpected: A new Uncertainty Perception Indicator (UPI) – concept and first results," DoCMA Working Papers 1-2020, TU Dortmund University, Dortmund Center for Data-based Media Analysis (DoCMA).
- Julian Kozlowski & Laura Veldkamp & Venky Venkateswaran, 2020.
"The Tail That Wags the Economy: Beliefs and Persistent Stagnation,"
Journal of Political Economy, University of Chicago Press, vol. 128(8), pages 2839-2879.
- Julian Kozlowski & Laura Veldkamp & Venky Venkateswaran, 2015. "The Tail that Wags the Economy: Beliefs and Persistent Stagnation," NBER Working Papers 21719, National Bureau of Economic Research, Inc.
- Julian Kozlowski & Laura Veldkamp & Venky Venkateswaran, 2019. "The Tail that Wags the Economy: Beliefs and Persistent Stagnation," Working Papers 2019-6, Federal Reserve Bank of St. Louis.
- Veldkamp, Laura & Venkateswaran, Venky, 2018. "The Tail that Wags the Economy: Beliefs and Persistent Stagnation," CEPR Discussion Papers 11352, C.E.P.R. Discussion Papers.
- Christopher D. Carroll, 2003.
"Macroeconomic Expectations of Households and Professional Forecasters,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(1), pages 269-298.
- Christopher D Carroll, 2002. "Macroeconomic Expectations of Households and Professional Forecasters," Economics Working Paper Archive 477, The Johns Hopkins University,Department of Economics.
- Patrick Bolton & Morgan Despres & Luiz Awazu Pereira da Silva & Frédéric Samama & Romain Svartzman, 2020. "The green swan," BIS Books, Bank for International Settlements, number 31.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Brandt, Richard, 2021. "Economic Policy Uncertainty Index: Extension and optimization of Scott R. Baker, Nicholas Bloom and Steven J. Davis's search term," DoCMA Working Papers 5, TU Dortmund University, Dortmund Center for Data-based Media Analysis (DoCMA).
- Müller, Henrik & Hornig, Nico & Rieger, Jonas, 2021. ""For the times they are a-changin": Gauging Uncertainty Perception over Time," DoCMA Working Papers 3, TU Dortmund University, Dortmund Center for Data-based Media Analysis (DoCMA).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Bennani, Hamza, 2018.
"Media coverage and ECB policy-making: Evidence from an augmented Taylor rule,"
Journal of Macroeconomics, Elsevier, vol. 57(C), pages 26-38.
- Hamza Bennani, 2018. "Media Coverage and ECB Policy-Making: Evidence from an Augmented Taylor Rule," Post-Print hal-01773570, HAL.
- Baranowski, Paweł & Doryń, Wirginia & Łyziak, Tomasz & Stanisławska, Ewa, 2021. "Words and deeds in managing expectations: Empirical evidence from an inflation targeting economy," Economic Modelling, Elsevier, vol. 95(C), pages 49-67.
- Dorine Boumans & Henrik Müller & Stefan Sauer, 2022. "How Media Content Influences Economic Expectations: Evidence from a Global Expert Survey," ifo Working Paper Series 380, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Jon Ellingsen & Vegard H. Larsen & Leif Anders Thorsrud, 2020.
"News media vs. FRED-MD for macroeconomic forecasting,"
Working Papers
No 08/2020, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
- Jon Ellingsen & Vegard H. Larsen & Leif Anders Thorsrud, 2020. "News media vs. FRED-MD for macroeconomic forecasting," Working Paper 2020/14, Norges Bank.
- Jon Ellingsen & Vegard H. Larsen & Leif Anders Thorsrud, 2020. "News Media vs. FRED-MD for Macroeconomic Forecasting," CESifo Working Paper Series 8639, CESifo.
- repec:zbw:bofrdp:2022_005 is not listed on IDEAS
- Laura Nowzohour & Livio Stracca, 2020.
"More Than A Feeling: Confidence, Uncertainty, And Macroeconomic Fluctuations,"
Journal of Economic Surveys, Wiley Blackwell, vol. 34(4), pages 691-726, September.
- Nowzohour, Laura & Stracca, Livio, 2017. "More than a feeling: confidence, uncertainty and macroeconomic fluctuations," Working Paper Series 2100, European Central Bank.
- Carolin Pflueger & Emil Siriwardane & Adi Sunderam, 2019. "Financial Market Risk Perceptions and the Macroeconomy," NBER Working Papers 26290, National Bureau of Economic Research, Inc.
- Jon Ellingsen & Vegard H. Larsen & Leif Anders Thorsrud, 2022. "News media versus FRED‐MD for macroeconomic forecasting," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(1), pages 63-81, January.
- Vegard H ghaug Larsen & Leif Anders Thorsrud, 2018.
"Business cycle narratives,"
Working Papers
No 6/2018, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
- Vegard H. Larsen & Leif Anders Thorsrud, 2019. "Business Cycle Narratives," CESifo Working Paper Series 7468, CESifo.
- Vegard H. Larsen & Leif Anders Thorsrud, 2018. "Business cycle narratives," Working Paper 2018/3, Norges Bank.
- Makridis, Christos A., 2022. "The social transmission of economic sentiment on consumption," European Economic Review, Elsevier, vol. 148(C).
- Ambrocio, Gene, 2020.
"Inflationary household uncertainty shocks,"
Bank of Finland Research Discussion Papers
5/2020, Bank of Finland.
- Ambrocio, Gene, 2022. "Inflationary household uncertainty shocks," Bank of Finland Research Discussion Papers 5/2022, Bank of Finland.
- Giulia Piccillo & Poramapa Poonpakdee, 2021. "Effects of Macro Uncertainty on Mean Expectation and Subjective Uncertainty: Evidence from Households and Professional Forecasters," CESifo Working Paper Series 9486, CESifo.
- Hirsch, Patrick & Feld, Lars P. & Köhler, Ekkehard A. & Thomas, Tobias, 2024.
"“Whatever It Takes!” How tonality of TV-news affected government bond yield spreads during the European debt crisis,"
European Journal of Political Economy, Elsevier, vol. 82(C).
- Patrick Hirsch & Lars P. Feld & Ekkehard A. Köhler & Tobias Thomas, 2024. "“Whatever It Takes!” How Tonality of TV-News Affected Government Bond Yield Spreads during the European Debt Crisis," CESifo Working Paper Series 10980, CESifo.
- Brandt, Richard, 2021. "Economic Policy Uncertainty Index: Extension and optimization of Scott R. Baker, Nicholas Bloom and Steven J. Davis's search term," DoCMA Working Papers 5, TU Dortmund University, Dortmund Center for Data-based Media Analysis (DoCMA).
- Tara M. Sinclair & Zhoudan Xie, 2021.
"Sentiment and Uncertainty about Regulation,"
Working Papers
2021-004, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
- Tara M. Sinclair & Zhoudan Xie, 2021. "Sentiment and uncertainty about regulation," CAMA Working Papers 2021-54, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Ambrocio, Gene, 2020.
"Inflationary household uncertainty shocks,"
Research Discussion Papers
5/2020, Bank of Finland.
- Ambrocio, Gene, 2022. "Inflationary household uncertainty shocks," Research Discussion Papers 5/2022, Bank of Finland.
- Douglas de Medeiros Franco, 2022. "Expectations, Economic Uncertainty, and Sentiment," RAC - Revista de Administração Contemporânea (Journal of Contemporary Administration), ANPAD - Associação Nacional de Pós-Graduação e Pesquisa em Administração, vol. 26(5), pages 210029-2100.
- Maria Elena Bontempi & Michele Frigeri & Roberto Golinelli & Matteo Squadrani, 2021. "EURQ: A New Web Search‐based Uncertainty Index," Economica, London School of Economics and Political Science, vol. 88(352), pages 969-1015, October.
- Yoshito Funashima, 2022. "Economic policy uncertainty and unconventional monetary policy," Manchester School, University of Manchester, vol. 90(3), pages 278-292, June.
- Philip Barrett & Mariia Bondar & Sophia Chen & Mali Chivakul & Deniz Igan, 2024.
"Pricing protest: the response of financial markets to social unrest,"
Review of Finance, European Finance Association, vol. 28(4), pages 1419-1450.
- Mr. Philip Barrett & Sophia Chen & Miss Mali Chivakul & Ms. Deniz O Igan, 2021. "Pricing Protest: The Response of Financial Markets to Social Unrest," IMF Working Papers 2021/079, International Monetary Fund.
- José Valentim Machado Vicente & Jaqueline Terra Moura Marins, 2019. "A Volatility Smile-Based Uncertainty Index," Working Papers Series 502, Central Bank of Brazil, Research Department.
More about this item
Keywords
uncertainty; economic policy; business cycles; Covid-19; Latent Dirichlet Allocation;All these keywords.
NEP fields
This paper has been announced in the following NEP Reports:- NEP-HME-2021-01-25 (Heterodox Microeconomics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:docmaw:22020. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://docma.tu-dortmund.de/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.