Larsen, Vegard Høghaug; Thorsrud, Leif Anders; … - 2019 - This version: 20 February 2019
We investigate the role played by the media in the expectations formation process of households. Using a novel news-topic-based approach we show that news types the media choose to report on, e.g., fiscal policy, health, and politics, are good predictors of households' stated inflation...