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  1. Monetary stance and favorableness of monetary policy in the media
    the case of Viet Nam
    Published: [2022]
    Publisher:  Asian Development Bank Institute, Tokyo, Japan

    This paper analyzes the effects of monetary stance on the media's favorable (or otherwise) attitude to the State Bank of Viet Nam's (SBV) monetary policy using monthly data from 2011 to 2021. Monetary stance is a multivariate index based on the... more

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    Max-Planck-Institut für ausländisches öffentliches Recht und Völkerrecht, Bibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 188
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    This paper analyzes the effects of monetary stance on the media's favorable (or otherwise) attitude to the State Bank of Viet Nam's (SBV) monetary policy using monthly data from 2011 to 2021. Monetary stance is a multivariate index based on the growth rates of money supply and domestic credit. A large set of articles published in five Viet Nam daily newspapers is utilized to construct a view of the media's favorableness to the monetary policy. Our main findings are that a change in monetary stance from easing to neutral/tightening, or from neutral to tightening is greatly appreciated by the media. This effect is negatively moderated by the volatility of the stock exchange index. Our findings are robust for alternative measures of media's favorableness, monetary policy variables, and when controlling the endogeneity problem. These findings have important policy implications for implementing SBV's monetary policy.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/267758
    Series: ADBI working paper series ; no. 1325 (June 2022)
    Subjects: monetary policy; monetary stance; media coverage; media favorableness; communication
    Scope: 1 Online-Ressource (circa 22 Seiten), Illustrationen
  2. News and narratives
    a cointegration analysis of Russian economic policy uncertainty
    Published: [2022]
    Publisher:  Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore, Milano, Italy

    Russia has become more integrated and therefore significantly dependent on global developments over the last decades, despite being ruled by an increasingly autocratic regime. How does Russian media cover the associated economic and policy... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 587
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    Russia has become more integrated and therefore significantly dependent on global developments over the last decades, despite being ruled by an increasingly autocratic regime. How does Russian media cover the associated economic and policy challenges? To answer, we use the economic policy uncertainty indexes as proxies for media coverage, together with a limited set of variables reflecting both domestic and international developments. Our main findings come from a VEC model estimated with two cointegrating vectors, encompassing two long-term equilibria. A first cointegrating vector describes the domestic political context, highlighting the key role that media coverage can play in supporting autocratic regimes. While the second cointegrating vector is associated with international developments, portraying swings in global risk appetite, we find that deviations from it can, too, drive popular support for the incumbent president. To see more precisely how Russian media coverage can be used as a policy instrument, we employ several narrative proxies and find that (only in the short run) some of these might be used to exert control and influence, while others to justify policy errors or successes.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/264303
    Edition: This version April 2022
    Series: Working paper / Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore ; n. 115 (April 2022)
    Subjects: Economic policy uncertainty; media coverage; cointegration analysis
    Scope: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  3. Television market size and political accountability in the US house of representatives
    Published: May 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper examines the role of local TV market structure in US congressional politics, exploiting variation in the overlaps of political markets and TV markets. Local TV stations are hypothesized to report relatively more per US House representative... more

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    This paper examines the role of local TV market structure in US congressional politics, exploiting variation in the overlaps of political markets and TV markets. Local TV stations are hypothesized to report relatively more per US House representative in less populous markets (where the number of House districts covered is smaller), leading to better informed voters and more accountable representatives. We find that smaller markets are indeed associated with (i) higher coverage of representatives, and (ii) a higher level of voters' knowledge about their representatives. However, (iii) representatives of smaller and more congruent markets are only more likely to decide aligned with their constituents' policy preferences in highly competitive districts. This evidence suggests that local political news coverage on TV serves as a complement rather than a substitute in holding members of the US Congress accountable.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/263493
    Series: Discussion paper series / IZA ; no. 15277
    Subjects: political accountability; market congruence; media coverage; TV markets; legislative voting; US Congress; voter knowledge; campaign finance
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  4. Does data disclosure improve local government performance?
    evidence from Italian municipalities
    Published: December 2022
    Publisher:  CESifo, Munich, Germany

    We exploit the introduction of an open data online platform - part of a transparency program initiated by the Italian Government in late 2014 - as a natural experiment to analyse the effect of data disclosure on mayors' expenditure and public good... more

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    We exploit the introduction of an open data online platform - part of a transparency program initiated by the Italian Government in late 2014 - as a natural experiment to analyse the effect of data disclosure on mayors' expenditure and public good provision. First, we analyse the effect of the program by comparing municipalities on the border between ordinary and special regions, exploiting the fact that the latter regions did not participate in the program. We find that mayors in ordinary regions immediately change their behaviour after data disclosure by improving the disclosed indicators, and that the reaction depends also on their initial relative performance, a yardstick competition effect. Second, we investigate the effect of mayors' attention to data disclosure within treated regions by tracking their daily accesses to the platform, which we instrument with the daily publication of newspaper articles mentioning the program. We find that mayors react to data disclosure by decreasing spending via a reduction of service provision, resulting in an aggregate decrease in efficiency. Overall, mayors seem to target variables that are disclosed on the website at the expense of variables that are less salient.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/271799
    Series: CESifo working papers ; 10155 (2022)
    Subjects: open data; local government; media coverage; OpenCivitas
    Scope: 1 Online-Ressource (circa 44 Seiten), Illustrationen
  5. Bad science: retractions and media coverage
    Published: December 2022
    Publisher:  CESifo, Munich, Germany

    Flawed research can be harmful both within and outside of academia. Even when published research has been retracted and refuted by the scientific community, it may continue to be a source of misinformation. The media can play an important role in... more

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    Flawed research can be harmful both within and outside of academia. Even when published research has been retracted and refuted by the scientific community, it may continue to be a source of misinformation. The media can play an important role in drawing broader attention to research, but may also ensure that research, once retracted, ceases to feature in popular discourse. Yet, there is little evidence on whether media reporting influences the retraction process and authors' careers. Using a conditional difference-in-differences strategy, this paper shows that articles that gained popularity in the media at publication and were later retracted face heavy citation losses, while subsequent citations become more accurate. Further, authors of such papers see a permanent decline in research output. Lastly, the paper provides evidence that media can influence both the likelihood of retraction and its timing, highlighting that the media can play an important role in contributing to the integrity of the research process.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/271839
    Series: CESifo working papers ; 10195 (2022)
    Subjects: science; retractions; media coverage; misinformation; Altmetric; citations; career impact
    Scope: 1 Online-Ressource (circa 102 Seiten), Illustrationen