Economy through a lens: distortions of policy coverage in UK national newspapers

James Bowden, Andrzej Kwiatkowski, Dooruj Rambaccussing

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

This paper shows that communication of economic news varies across newspapers in the United Kingdom. We develop new time series of economic news tonality using a unique dataset of policy influenced articles published in major UK newspapers. We show that the volume and tonality of news respond to current economic conditions. For example, the nature of news changes around events of economic uncertainty such as the global financial crisis and the post-EU referendum periods. We also provide illustrative evidence that communication differs across newspaper formats. Tabloids, as opposed to quality newspapers, tend to express news more negatively, and mostly report policy-related news during periods of economic stress. The integral importance of these results is illustrated by news reaction curves showing a strong positive relationship mostly lasting three months between consumer sentiments and news.
Original languageEnglish
Pages (from-to)3094-3111
Number of pages18
JournalJournal of Comparative Economics
Volume55
Issue number13
Early online date22 Jul 2019
DOIs
Publication statusE-pub ahead of print - 22 Jul 2019

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Keywords

  • textual econometrics
  • media
  • economic sentiment
  • tonality
  • economic news
  • economic policy
  • newspapers

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