Indirect news coverage and economic policy uncertainty

Jiaying Wu and Fang Xu

Economics Letters, 2025, vol. 247, issue C

Abstract: This paper uses semantic fingerprints of news to measure news intensity for countries. Estimation results from DCC-GARCH models show that correlations between news intensity and economic uncertainty are mostly positive throughout time. The more relevant news about a country are published, the higher is the economic uncertainty in that country. News intensity also has a negative impact on correlations between uncertainty and inflation, and a positive impact on correlations between uncertainty and output growth.

Keywords: Textual analysis; Semantic fingerprint; Uncertainty (search for similar items in EconPapers)
JEL-codes: C3 C8 D8 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:247:y:2025:i:c:s0165176524006190

DOI: 10.1016/j.econlet.2024.112135

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