Wolfinger, Julia; Feld, Lars P.; Köhler, Ekkehard A.; … - 2018
spreads using daily data between January 1, 2007 and December 1, 2016. We employ 1,542,233 human coded news items from evening …-specific economic issues. We find that an increasing share of news about the Eurozone reduces yield spreads, especially when the news …-specific news have a significant impact on GIIPS yield spreads. A higher share of positive/negative news is positively associated …