<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2248-6046</journal-id>
<journal-title><![CDATA[Revista Finanzas y Política Económica]]></journal-title>
<abbrev-journal-title><![CDATA[Finanz. polit. econ.]]></abbrev-journal-title>
<issn>2248-6046</issn>
<publisher>
<publisher-name><![CDATA[Universidad Católica de Colombia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2248-60462024000200441</article-id>
<article-id pub-id-type="doi">10.14718/revfinanzpolitecon.v16.n2.2024.5</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Efectos de las noticias digitales en el GAP de expectativas de inflación: primeras evidencias para una economía emergente]]></article-title>
<article-title xml:lang="en"><![CDATA[Effects of Digital News on the Inflation Expectation Gap: Early Evidence for an Emerging Economy]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Anzoátegui Zapata]]></surname>
<given-names><![CDATA[Juan Camilo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Galvis Ciro]]></surname>
<given-names><![CDATA[Juan Camilo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma Latinoamericana Departamento de Economía ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Colombia</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Pontificia Bolivariana Departamento de Economía ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Colombia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2024</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2024</year>
</pub-date>
<volume>16</volume>
<numero>2</numero>
<fpage>441</fpage>
<lpage>467</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S2248-60462024000200441&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S2248-60462024000200441&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S2248-60462024000200441&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El objetivo de este trabajo es investigar los efectos de los medios masivos de comunicación digitales en la formación de expectativas de inflación. En particular, este trabajo evalúa los efectos de las noticias digitales sobre la brecha o GAP de expectativas de inflación entre consumidores y expertos en pronóstico. Para ello, como estudio de caso, se utiliza la economía colombiana para el periodo 2010-2018. La metodología empleada consiste en evaluar los efectos de las noticias sobre inflación su- ministrada por cinco periódicos digitales representativos sobre el GAP de expectativas. Por medio de regresiones econométricas se encuentra que una mayor exposición de los consumidores a medios masivos de comunicación como los periódicos digitales, se convierte en un medio de información útil para su proceso de formación de expectativas de inflación. En particular, las noticias con un tono negativo ejercen mayor incertidumbre y amplifican el GAP, un tono positivo permite mejorar los pronósticos, mientras que las noticias con tono neutro tienden ampliar la brecha.  Clasificación JEL: E37, E58, E61.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The objective of this paper is to investigate the effects of digital mass media on the formation of inflation expecta- tions. In particular, this work evaluates the effects of digital news on the inflation expectation GAP between consumers and forecasting experts. For this purpose, the Colombian economy for the period 2010-2018 is used as a case study. The methodology involves evaluating the effects of inflation news provided by five representative digital newspapers on the expectation GAP. Through econometric regressions, it is found that greater exposure of consumers to mass media. such as digital newspapers, becomes a useful information source for their inflation expectations formation process. Specifically, news with a negative tone exerts greater uncertainty and amplifies the GAP, a positive tone improves forecasts, while neutral-tone news tends to widen the gap.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[GAP de expectativas]]></kwd>
<kwd lng="es"><![CDATA[consumido- res]]></kwd>
<kwd lng="es"><![CDATA[expertos en pronóstico]]></kwd>
<kwd lng="es"><![CDATA[noticias digitales]]></kwd>
<kwd lng="es"><![CDATA[inflación]]></kwd>
<kwd lng="es"><![CDATA[medios masivos]]></kwd>
<kwd lng="en"><![CDATA[Expectation gap]]></kwd>
<kwd lng="en"><![CDATA[consumers]]></kwd>
<kwd lng="en"><![CDATA[forecasters]]></kwd>
<kwd lng="en"><![CDATA[digital news]]></kwd>
<kwd lng="en"><![CDATA[inflation]]></kwd>
<kwd lng="en"><![CDATA[mass media]]></kwd>
</kwd-group>
</article-meta>
</front><back>
<ref-list>
<ref id="B1">
<label>1</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Anzoátegui]]></surname>
<given-names><![CDATA[J. C.]]></given-names>
</name>
<name>
<surname><![CDATA[Galvis]]></surname>
<given-names><![CDATA[J. C.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Disagreements in consumer inflation expectations: Empirical Evidence for a Latin American Economy]]></article-title>
<source><![CDATA[Journal of Business Cycle Research]]></source>
<year>2020</year>
<volume>16</volume>
<page-range>99-122</page-range></nlm-citation>
</ref>
<ref id="B2">
<label>2</label><nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Arellano]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
</person-group>
<source><![CDATA[anel Data Econometrics]]></source>
<year>2003</year>
<publisher-name><![CDATA[Oxford University Press]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B3">
<label>3</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Arellano]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Bover]]></surname>
<given-names><![CDATA[O.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Another look at the instrumental variables estimation of error-components models]]></article-title>
<source><![CDATA[Journal of Econometrics]]></source>
<year>1995</year>
<volume>68</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>29-51</page-range></nlm-citation>
</ref>
<ref id="B4">
<label>4</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Binder]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Consumer forecast revisions: Is information really so sticky?]]></article-title>
<source><![CDATA[Economics letters]]></source>
<year>2017</year>
<volume>161</volume>
<page-range>112-5</page-range></nlm-citation>
</ref>
<ref id="B5">
<label>5</label><nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Blinder]]></surname>
<given-names><![CDATA[A. S.]]></given-names>
</name>
<name>
<surname><![CDATA[Ehrmann]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[De Haan]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Jansen]]></surname>
<given-names><![CDATA[D. J.]]></given-names>
</name>
</person-group>
<source><![CDATA[Central bank communication with the general public: Promise or false hope? Working Paper Series]]></source>
<year>2022</year>
<volume>2694</volume>
<publisher-name><![CDATA[European Central Bank]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B6">
<label>6</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Blinder]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
<name>
<surname><![CDATA[Ehrmann]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Fratzcher]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[De Haan]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Jansen]]></surname>
<given-names><![CDATA[D.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Central Bank Communication and Monetary Policy]]></article-title>
<source><![CDATA[Journal of Economic literature]]></source>
<year>2008</year>
<volume>46</volume>
<numero>4</numero>
<issue>4</issue>
<page-range>910-45</page-range></nlm-citation>
</ref>
<ref id="B7">
<label>7</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Branch]]></surname>
<given-names><![CDATA[W.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Sticky information and model uncertainty in survey data on inflation expectations]]></article-title>
<source><![CDATA[Journal of Economic Dynamics &amp; Control]]></source>
<year>2007</year>
<volume>31</volume>
<page-range>245-76</page-range></nlm-citation>
</ref>
<ref id="B8">
<label>8</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Branch]]></surname>
<given-names><![CDATA[W. A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The theory of rationally heterogeneous expectations: Evidence from survey data on inflation expectations]]></article-title>
<source><![CDATA[The Economic Journal]]></source>
<year>2004</year>
<volume>114</volume>
<numero>497</numero>
<issue>497</issue>
<page-range>592-621</page-range></nlm-citation>
</ref>
<ref id="B9">
<label>9</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Brock]]></surname>
<given-names><![CDATA[W. A.]]></given-names>
</name>
<name>
<surname><![CDATA[Hommes]]></surname>
<given-names><![CDATA[C. H.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A rational route to randomness]]></article-title>
<source><![CDATA[Econometrica]]></source>
<year>1997</year>
<volume>65</volume>
<page-range>1059-160</page-range></nlm-citation>
</ref>
<ref id="B10">
<label>10</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Carroll]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Macroeconomic expectations of households and professional forecasters]]></article-title>
<source><![CDATA[The Quarterly Journal of Economics]]></source>
<year>2003</year>
<volume>118</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>269-98</page-range></nlm-citation>
</ref>
<ref id="B11">
<label>11</label><nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Coenen]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
<name>
<surname><![CDATA[Ehrmann]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Gaballo]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
<name>
<surname><![CDATA[Hoffmann]]></surname>
<given-names><![CDATA[P.]]></given-names>
</name>
<name>
<surname><![CDATA[Nakov]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
<name>
<surname><![CDATA[Nardelli]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
<name>
<surname><![CDATA[Persson]]></surname>
<given-names><![CDATA[E.]]></given-names>
</name>
<name>
<surname><![CDATA[Strasser]]></surname>
<given-names><![CDATA[G]]></given-names>
</name>
</person-group>
<source><![CDATA[Communication of Monetary Policy in Unconventional Times. Working Paper Series]]></source>
<year>2017</year>
<volume>2080</volume>
<publisher-name><![CDATA[European Central Bank]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B12">
<label>12</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Coibion]]></surname>
<given-names><![CDATA[O.]]></given-names>
</name>
<name>
<surname><![CDATA[Gorodnichenko]]></surname>
<given-names><![CDATA[Y.]]></given-names>
</name>
<name>
<surname><![CDATA[Weber]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Monetary policy communications and their effects on household inflation expectations]]></article-title>
<source><![CDATA[Journal of Political Economy]]></source>
<year>2022</year>
<volume>130</volume>
<numero>6</numero>
<issue>6</issue>
<page-range>1537-84</page-range></nlm-citation>
</ref>
<ref id="B13">
<label>13</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Coibion]]></surname>
<given-names><![CDATA[O.]]></given-names>
</name>
<name>
<surname><![CDATA[Gorodnichenko]]></surname>
<given-names><![CDATA[Y.]]></given-names>
</name>
<name>
<surname><![CDATA[Kumar]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
<name>
<surname><![CDATA[Pedemonte]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Inflation expectations as a policy tool?]]></article-title>
<source><![CDATA[Journal of International Economics]]></source>
<year>2020</year>
<volume>124</volume>
<page-range>103297</page-range></nlm-citation>
</ref>
<ref id="B14">
<label>14</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Cragg]]></surname>
<given-names><![CDATA[J. G.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[More efficient estimation in the presence of heteroscedasticity of unknown form]]></article-title>
<source><![CDATA[Econometrica]]></source>
<year>1983</year>
<volume>51</volume>
<page-range>751-63</page-range></nlm-citation>
</ref>
<ref id="B15">
<label>15</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Damstra]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Disentangling economic news effects: The impact of tone, uncertainty, and issue on public opinion]]></article-title>
<source><![CDATA[International Journal of Communication]]></source>
<year>2019</year>
<volume>13</volume>
<page-range>20</page-range></nlm-citation>
</ref>
<ref id="B16">
<label>16</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Dovern]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Fritsche]]></surname>
<given-names><![CDATA[U.]]></given-names>
</name>
<name>
<surname><![CDATA[Slacalek]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Disagreement among forecaseter in G7 countries]]></article-title>
<source><![CDATA[The Review of Economics and Statistics]]></source>
<year>2012</year>
<volume>94</volume>
<numero>4</numero>
<issue>4</issue>
<page-range>1081-96</page-range></nlm-citation>
</ref>
<ref id="B17">
<label>17</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Durbin]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Errors in variables]]></article-title>
<source><![CDATA[Review of the International Statistical Institute]]></source>
<year>1954</year>
<volume>22</volume>
<page-range>23-32</page-range></nlm-citation>
</ref>
<ref id="B18">
<label>18</label><nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Ehrmann]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Pfajfar]]></surname>
<given-names><![CDATA[D.]]></given-names>
</name>
<name>
<surname><![CDATA[Santoro]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
</person-group>
<source><![CDATA[Consumers' attitudes and their inflation expectations]]></source>
<year>2015</year>
<page-range>15</page-range><publisher-name><![CDATA[Finance and Economics Discussion Series]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B19">
<label>19</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Fogarty]]></surname>
<given-names><![CDATA[B.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Determining economic news coverage]]></article-title>
<source><![CDATA[International Journal of Public Opinion Research]]></source>
<year>2005</year>
<volume>17</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>149-72</page-range></nlm-citation>
</ref>
<ref id="B20">
<label>20</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Gürkaynak]]></surname>
<given-names><![CDATA[R.]]></given-names>
</name>
<name>
<surname><![CDATA[Levin]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
<name>
<surname><![CDATA[Swanson]]></surname>
<given-names><![CDATA[E.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Does inflation targeting anchor long-run inflation expectations? Evidence from long-term bond yields in the U.S., U.K., and Sweden]]></article-title>
<source><![CDATA[Journal of the European Economic Association]]></source>
<year>2010</year>
<volume>8</volume>
<numero>6</numero>
<issue>6</issue>
<page-range>1208-42</page-range></nlm-citation>
</ref>
<ref id="B21">
<label>21</label><nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Hamilton]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
</person-group>
<source><![CDATA[All the news that's fit to sell: How the market transforms information into news]]></source>
<year>2004</year>
<publisher-name><![CDATA[Princeton University Press]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B22">
<label>22</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Hansen]]></surname>
<given-names><![CDATA[L. P.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Large sample properties of generalized method of moments estimators]]></article-title>
<source><![CDATA[Econometrica]]></source>
<year>1982</year>
<volume>50</volume>
<numero>4</numero>
<issue>4</issue>
<page-range>1029-54</page-range></nlm-citation>
</ref>
<ref id="B23">
<label>23</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Hausman]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Specification tests in econometrics]]></article-title>
<source><![CDATA[Econometrica]]></source>
<year>1978</year>
<volume>46</volume>
<numero>6</numero>
<issue>6</issue>
<page-range>1251-71</page-range></nlm-citation>
</ref>
<ref id="B24">
<label>24</label><nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Holsti]]></surname>
<given-names><![CDATA[O. R.]]></given-names>
</name>
</person-group>
<source><![CDATA[Content Analysis for the Social Sciences and Humanities, Reading]]></source>
<year>1969</year>
<publisher-loc><![CDATA[MA ]]></publisher-loc>
<publisher-name><![CDATA[Addison-Wesley]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B25">
<label>25</label><nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Johnston]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
</person-group>
<source><![CDATA[Econometric methods]]></source>
<year>1984</year>
<edition>3rd</edition>
<publisher-name><![CDATA[McGraw-Hill Book Co]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B26">
<label>26</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Kahneman]]></surname>
<given-names><![CDATA[D.]]></given-names>
</name>
<name>
<surname><![CDATA[Tversky]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Prospect theory: An analysis of decision under risk]]></article-title>
<source><![CDATA[Econometrica]]></source>
<year>1979</year>
<volume>47</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>263-92</page-range></nlm-citation>
</ref>
<ref id="B27">
<label>27</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Kmetz]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
<name>
<surname><![CDATA[Shapiro]]></surname>
<given-names><![CDATA[A. H.]]></given-names>
</name>
<name>
<surname><![CDATA[Wilson]]></surname>
<given-names><![CDATA[D. J.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Can the news drive inflation expectations?]]></article-title>
<source><![CDATA[FRBSF Economic letter]]></source>
<year>2022</year>
<volume>2022</volume>
<numero>31</numero>
<issue>31</issue>
<page-range>1-6</page-range></nlm-citation>
</ref>
<ref id="B28">
<label>28</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Lamla]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Lein]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Information rigidities, inflation perceptions, and the media: Lessons from the euro cash changeover]]></article-title>
<source><![CDATA[Economic Inquiry]]></source>
<year>2015</year>
<volume>53</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>9-22</page-range></nlm-citation>
</ref>
<ref id="B29">
<label>29</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Lamla]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Lein]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The role of media for consumers&#8217; inflation expectation formation]]></article-title>
<source><![CDATA[Journal of Economic Behavior &amp; Organization]]></source>
<year>2014</year>
<volume>106</volume>
<page-range>62-77</page-range></nlm-citation>
</ref>
<ref id="B30">
<label>30</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Lamla]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Maag]]></surname>
<given-names><![CDATA[T.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The role of media for inflation forecast disagreement of households and professional forecasters]]></article-title>
<source><![CDATA[Journal of Money, Credit and Banking]]></source>
<year>2012</year>
<volume>44</volume>
<numero>7</numero>
<issue>7</issue>
<page-range>1325-50</page-range></nlm-citation>
</ref>
<ref id="B31">
<label>31</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Lei]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
<name>
<surname><![CDATA[Lu]]></surname>
<given-names><![CDATA[Z.]]></given-names>
</name>
<name>
<surname><![CDATA[Zhang]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[News on inflation and the epidemiology of inflation expectations in China]]></article-title>
<source><![CDATA[Economic Systems]]></source>
<year>2015</year>
<volume>39</volume>
<numero>4</numero>
<issue>4</issue>
<page-range>644-53</page-range></nlm-citation>
</ref>
<ref id="B32">
<label>32</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Law]]></surname>
<given-names><![CDATA[C. H.]]></given-names>
</name>
<name>
<surname><![CDATA[Goh]]></surname>
<given-names><![CDATA[K. H.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A systematic literature review of the implications of media on inflation expectations]]></article-title>
<source><![CDATA[International Economics and Economic Policy]]></source>
<year>2024</year>
<page-range>1-30</page-range></nlm-citation>
</ref>
<ref id="B33">
<label>33</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Mankiw]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
<name>
<surname><![CDATA[Reis]]></surname>
<given-names><![CDATA[R.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Sticky information versus sticky prices: A proposal to replace the new keynesian phillips curve]]></article-title>
<source><![CDATA[The Quarterly Journal of Economics]]></source>
<year>2002</year>
<volume>117</volume>
<numero>4</numero>
<issue>4</issue>
<page-range>1295-328</page-range></nlm-citation>
</ref>
<ref id="B34">
<label>34</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Mullainathan]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
<name>
<surname><![CDATA[Shleifer]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The market for news]]></article-title>
<source><![CDATA[American Economic Review]]></source>
<year>2005</year>
<volume>95</volume>
<numero>4</numero>
<issue>4</issue>
<page-range>1031-53</page-range></nlm-citation>
</ref>
<ref id="B35">
<label>35</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Newey]]></surname>
<given-names><![CDATA[W. K.]]></given-names>
</name>
<name>
<surname><![CDATA[West]]></surname>
<given-names><![CDATA[K.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A simple, positive semi-definite, heteroskedasticity and autocorrelation consistent covariance matrix]]></article-title>
<source><![CDATA[Econometrica]]></source>
<year>1987</year>
<volume>55</volume>
<numero>3</numero>
<issue>3</issue>
<page-range>703-8</page-range></nlm-citation>
</ref>
<ref id="B36">
<label>36</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Pfajfar]]></surname>
<given-names><![CDATA[D.]]></given-names>
</name>
<name>
<surname><![CDATA[Santoro]]></surname>
<given-names><![CDATA[E.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[News on inflation and the epidemiology of inflation expectations]]></article-title>
<source><![CDATA[Journal of Money, Credit and Banking]]></source>
<year>2013</year>
<volume>45</volume>
<numero>6</numero>
<issue>6</issue>
<page-range>1045-67</page-range></nlm-citation>
</ref>
<ref id="B37">
<label>37</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Sargan]]></surname>
<given-names><![CDATA[J. D.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The Estimation of Economic Relationships Using Instrumental Variables]]></article-title>
<source><![CDATA[Econometrica]]></source>
<year>1958</year>
<volume>26</volume>
<numero>3</numero>
<issue>3</issue>
<page-range>393-415</page-range></nlm-citation>
</ref>
<ref id="B38">
<label>38</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Sims]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Implications of rational inattention]]></article-title>
<source><![CDATA[Journal of Monetary Economics]]></source>
<year>2003</year>
<volume>50</volume>
<page-range>665-90</page-range></nlm-citation>
</ref>
<ref id="B39">
<label>39</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Soroka]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
<name>
<surname><![CDATA[McAdams]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[News, politics, and negativity]]></article-title>
<source><![CDATA[Political Communication]]></source>
<year>2015</year>
<volume>32</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>1-22</page-range></nlm-citation>
</ref>
<ref id="B40">
<label>40</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Soroka]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Good news and bad news: Asymmetric responses to economic information]]></article-title>
<source><![CDATA[The Journal of Politics]]></source>
<year>2006</year>
<volume>68</volume>
<page-range>372-85</page-range></nlm-citation>
</ref>
<ref id="B41">
<label>41</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Ter Ellen]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
<name>
<surname><![CDATA[Larsen]]></surname>
<given-names><![CDATA[V. H.]]></given-names>
</name>
<name>
<surname><![CDATA[Thorsrud]]></surname>
<given-names><![CDATA[L. A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Narrative monetary policy surprises and the media]]></article-title>
<source><![CDATA[Journal of Money, Credit and Banking]]></source>
<year>2022</year>
<volume>54</volume>
<numero>5</numero>
<issue>5</issue>
<page-range>1525-49</page-range></nlm-citation>
</ref>
<ref id="B42">
<label>42</label><nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Woodford]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Monetary policy in the information economy]]></article-title>
<source><![CDATA[Economic Policy for the Information Economy]]></source>
<year>2001</year>
<page-range>297-370</page-range><publisher-name><![CDATA[Federal Reserve Bank of Kansas City]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B43">
<label>43</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Wu]]></surname>
<given-names><![CDATA[D. M.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Alternative tests of independence between stochastic regressors and disturbances]]></article-title>
<source><![CDATA[Econometrica]]></source>
<year>1973</year>
<volume>41</volume>
<numero>4</numero>
<issue>4</issue>
<page-range>733-50</page-range></nlm-citation>
</ref>
</ref-list>
</back>
</article>
