Effects of digital news on the exchange rate in the formation of consumers inflation expectations.
DOI:
https://doi.org/10.24142/cose.n9a5Keywords:
Medios digitales, expectativas, inflación, tasa de cambio, consumidoresAbstract
This research focuses on studying the effects of digital news on consumers' inflation expectations. Specifically, an analysis of the news reporting on the exchange rate is carried out in order to identify the process of inflation expectation formation of these agents. For this purpose, news from digital newspapers of the Colombian economy for the period 2009-2018 are used. Through a macro econometric time series analysis, it is found that there is a significant influence of digital media in the formation of consumer expectations. In particular, the higher volume of news about the exchange rate has the ability to increase consumers' inflation expectations.
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