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RSS FeedsTwitter a goldmine for tracking consumer mood on prices, Bank of Italy finds
(WorldNews Italy)

 
 

16 february 2021 04:38:34

 
Twitter a goldmine for tracking consumer mood on prices, Bank of Italy finds
(WorldNews Italy)
 


The Bank of Italy said a set of experimental indicators it created from the content of millions of tweets accurately tracked consumer mood on price, offering scope for a powerful new monetary policy tool. The effort comes as economists and policy-makers around the world increasingly turn to social media and other unconventional sources to measure consumer behaviour and as inflation continues to defy targets set by many leading central banks. Researchers found their indicators, based on...


 
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