Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298518 
Year of Publication: 
2023
Series/Report no.: 
Working Paper No. 4/2023
Publisher: 
Norges Bank, Oslo
Abstract: 
This paper examines how news coverage of the European Central Bank (ECB) affects consumer inflation expectations in the four largest euro area countries. Utilizing a unique dataset of multilingual European news articles, we measure the impact of ECB-related inflation news on inflation expectations. Our results indicate that German and Italian consumers are more attentive to this news, whereas in Spain and France, we observe no significant response. The research underscores the role of national media in disseminating ECB messages and the diverse reactions among consumers in different euro area countries.
Subjects: 
ECB
Inflation expectations
News coverage
Textual analysis
JEL: 
D80
E32
E66
Persistent Identifier of the first edition: 
ISBN: 
978-82-8379-273-7
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper
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