Making text count: Economic forecasting using newspaper text
让文本发挥作用：利用报纸文本进行经济预测
Summary This paper examines several ways to extract timely economic signals from newspaper text and shows that such information can materially improve forecasts of macroeconomic variables including GDP, inflation and unemployment. Our text is drawn from three popular UK newspapers that collectively represent UK newspaper readership in terms of political perspective and editorial style. Exploiting newspaper text can improve economic forecasts both unconditionally and when…