Public sentiment and opinion regarding the CARES Act

Maliha Singh ()
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Maliha Singh: University of Illinois at Chicago (UIC)

Business Economics, 2023, vol. 58, issue 1, No 4, 24-33

Abstract: Abstract The Coronavirus Aid, Relief, and Economic Security (CARES) Act was the largest stimulus package in US history. In this paper, I look into whether public sentiment improved in response to the CARES Act, and analyze public opinion regarding the CARES Act, implementing a Latent Dirichlet Allocation (LDA) model. The sentiment analysis results indicate a significant improvement of public sentiment following the announcement of the CARES Act, which fades away after a week but improves again as the date to receive the first stimulus check approaches. The topic modeling results highlight support toward certain programs and some criticism of the CARES Act.

Keywords: CARES Act; Sentiment analyses; Topic modeling; Stimulus check; COVID-19 (search for similar items in EconPapers)
JEL-codes: H12 H30 H31 H32 H39 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1057/s11369-022-00299-8

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