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2018-03-22Diskussionpapier DOI: 10.18452/18967
Fictional expectations and the global media in the Greek debt crisis
dc.contributor.authorDaniel, Volker
dc.contributor.authorNeubert, Magnus
dc.contributor.authorOrban, Agnes
dc.date.accessioned2018-03-22T15:33:04Z
dc.date.available2018-03-22T15:33:04Z
dc.date.issued2018-03-22none
dc.identifier.urihttp://edoc.hu-berlin.de/18452/19702
dc.description.abstractWe study the role of global media during the Greek debt crisis and relate it to the transmission of events on financial actors' expectations. To identify news coverage about the Greek debt crisis, we apply topic modeling to a newly compiled dataset of over 430,000 articles from The International New York Times and Financial Times from 2009 to 2015. We identify a Greek debt crisis topic and relate it to events concerning Greece during this time period. Our finding is that events are only relevant for financial markets when they are covered in the media, whereas events without media coverage have no effect. News coverage without immediate events is equally irrelevant for financial markets.eng
dc.language.isoengnone
dc.publisherHumboldt-Universität zu Berlin
dc.subjectGreek Debt Crisiseng
dc.subjectMachine Learningeng
dc.subjectTopic Modelseng
dc.subjectExpectationseng
dc.subjectEconomic Sociologyeng
dc.subjectBig Dataeng
dc.subjectFinancial Criseseng
dc.subjectMediaeng
dc.subject.ddc330 Wirtschaftnone
dc.titleFictional expectations and the global media in the Greek debt crisisnone
dc.typeworkingPaper
dc.subtitleA topic modeling approachnone
dc.identifier.urnurn:nbn:de:kobv:11-110-18452/19702-0
dc.identifier.doihttp://dx.doi.org/10.18452/18967
local.edoc.container-titleWorking Papers of the Priority Programme 1859 – Experience and Expectation. Historical Foundations of Economic Behaviournone
local.edoc.container-creatorNützenadel, Alexander/Streb, Jochennone
local.edoc.pages49none
local.edoc.type-nameDiskussionpapier
local.edoc.institutionPhilosophische Fakultätnone
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-issue4
local.edoc.container-erstkatid2916406-0

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