This paper estimates the size of the media multiplier, a model-based measure of how far media coverage magnifies the … the destinations. To define and quantify the media multiplier we estimate a model in which latent beliefs, shaped by … either events or news coverage, drive card activity. According to the model, media coverage can more than triple the economic …

-stated risk attitudes by exploiting changes in media coverage of economic news. We use information on risk attitudes from the … both long and short term changes in the media. We find that an increase in economic news in the previous year, irrespective …

-stated risk attitudes by exploiting changes in media coverage of economic news. We use information on risk attitudes from the … both long and short term changes in the media. We find that an increase in economic news in the previous year, irrespective …

This paper examines how news media affects stock prices and trading volumes in comparison with other information … support the hypothesis that media has the greatest effect on price changes expressed through abnormal returns and volatility …-grabbing effects and the likelihood that private information is most often released through rumour in the media. It also indicates that …