RDP 2020-08: Start Spreading the News: News Sentiment and Economic Activity in Australia Appendix A: LP and SLP Estimates Using Control Variables

Kim Nguyen and Gianni La Cava

December 2020

Figure A1: Responses of Economic Indicators to a One Standard Deviation News Sentiment Shock, Controlling for News Uncertainty
Figure A1: Responses of Economic Indicators to a One Standard Deviation News Sentiment Shock, Controlling for News Uncertainty

Note: Shaded areas are the 90 per cent confidence intervals for the smooth local projections estimates

Sources: Authors' calculations; Dow Jones Factiva; NAB

Figure A2: Responses of Economic Indicators to a One Standard Deviation News Sentiment Shock, Controlling for NAB Business Confidence Index
Figure A2: Responses of Economic Indicators to a One Standard Deviation News Sentiment Shock, Controlling for NAB Business Confidence Index

Note: Shaded areas are the 90 per cent confidence intervals for the smooth local projections estimates

Sources: Authors' calculations; Dow Jones Factiva; NAB

Figure A3: Responses of Economic Indicators to a One Standard Deviation News Sentiment Shock, Controlling for Consumer Sentiment Index
Figure A3: Responses of Economic Indicators to a One Standard Deviation News Sentiment Shock, Controlling for Consumer Sentiment Index

Note: Shaded areas are the 90 per cent confidence intervals for the smooth local projections estimates

Sources: Authors' calculations; Dow Jones Factiva; NAB

Figure A4: Responses of Economic Indicators to a One Standard Deviation News Uncertainty Shock, Controlling for News Sentiment
Figure A4: Responses of Economic Indicators to a One Standard Deviation News Uncertainty Shock, Controlling for News Sentiment

Note: Shaded areas are the 90 per cent confidence intervals for the smooth local projections estimates

Sources: Authors' calculations; Dow Jones Factiva; NAB

Figure A5: Responses of Economic Indicators to a One Standard Deviation News Uncertainty Shock, Controlling for NAB Business Confidence Index
Figure A5: Responses of Economic Indicators to a One Standard Deviation News Uncertainty Shock, Controlling for NAB Business Confidence Index

Note: Shaded areas are the 90 per cent confidence intervals for the smooth local projections estimates

Sources: Authors' calculations; Dow Jones Factiva; NAB

Figure A6: Responses of Economic Indicators to a One Standard Deviation News Uncertainty Shock, Controlling for Consumer Sentiment Index
Figure A6: Responses of Economic Indicators to a One Standard Deviation News Uncertainty Shock, Controlling for Consumer Sentiment Index

Note: Shaded areas are the 90 per cent confidence intervals for the smooth local projections estimates

Sources: Authors' calculations; Dow Jones Factiva; NAB