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Research about narratives' role in economics is scarce, while real word experience and research in other sciences suggest they matter a lot. This article proposes a view and methodology for quantifying the epidemiology of media narratives relevant to business cycles in the US, Japan, and Europe....
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several practical advantages, we also document a better historical nowcasting performance of the new index. …
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monthly indicators in nowcasting GDP growth. These insights should help improve recently developed high-frequency indicators. …
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