Table 3.

Monthly regressions for inflation rate and weekly for Dow Jones index.

Source: Own elaboration

Dep. Var.	(1)	(2)	(3)	(4)	(5)	(6)
	Positivity	Negativity	Valence	Positive	Negative	Valence
Inflation	0.009	− 0.063***	0.433***
	(0.016)	(0.011)	(0.043)
Dow Jones				− 0.670***	1.035***	− 3.067***
				(0.080)	(0.049)	(0.207)
Constant	0.190***	0.064***	0.680***	0.184***	0.064***	0.705***
	(0.001)	(0.001)	(0.003)	(0.001)	(0.000)	(0.002)
Trend	Yes	Yes	Yes	Yes	Yes	Yes
Observ.	737	737	737	2765	2765	2765
$R^2$	0.566	0.549	0.787	0.461	0.621	0.788

*Statistical significance level at 10%

**Statistical significance level at 5%

***Statistical significance at 1%