The paper presented in this Mannheim Applied Seminar uses novel data to show how the media amplifies the economic impact of newsworthy events – the media multiplier. Specifically, the authors of the paper combine monthly aggregated and anonymized card spending data from 114 card issuing countries in 5 destination countries (Turkey, Egypt, Tunisia, Israel and Morocco) with a large corpus of news coverage of violent events in these destinations. To define and quantify the media multiplier they estimate a model of how media coverage helps shape beliefs about risks. When a country is perceived as dangerous by all potential visitors, aggregate spending falls by 53 percent with more than half of this effect due to the media multiplier.


Thiemo Fetzer

University of Warwick, Coventry, United Kingdom

Everyone needs the classroom-pass prescribed by the University of Mannheim for participation in presence, without this pass no access to the lecture hall is possible!

All participants who wish to attend the seminar in presence have to use the check-in system, which will open 60 minutes before the seminar begins. See the checkin instructions of the University of Mannheim. If you wish to attend via ZOOM, please contact the organisers.


27.10.2021 | 12:15 - 13:30 (CET)

Event Location




Head and Dean of Graduate Studies