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AN EMOTIONAL EXPLANATION OF THE INTEREST DECISION: TWITTER ANALYSIS IN TuRKIYE

Author

Listed:
  • Ebru Z. Boyacıoğlu

    (TRAKYA UNIVERSITY)

  • Tuba Adıguzel

    (TRAKYA UNIVERSITY, INSTITUTE OF SOCIAL SCIENCES)

  • Hilal Taş

    (TRAKYA UNIVERSITY, INSTITUTE OF SOCIAL SCIENCES)

  • Ertuğrul Turksever

    (TRAKYA UNIVERSITY, INSTITUTE OF SOCIAL SCIENCES)

Abstract

Emotions are pervasive in Economics. The spillover effect of Central Bank's interest decision is a crucial topic not only to economies but also to individuals. Twitter is a useful source of data for social and economic research as data provides public available and accessible easily. The study aims to determine the emotions with longitudinal research by analyzing tweets about the interest decision of the Central Bank in Turkiye. Within the study emotions expressed by tweets about interest rate decision are analyzed using Plutchik’s Wheel of Emotions. The 2873 tweets about the interest decision cut on 29 November 2022 were examined by the Maxqda qualitative data analysis program. According to findings, the emotion of "anger" is mostly concentrated under the heading of interest rate decision. Also the analysis indicated that majority of tweets emphasized inflation and foreign exchange among macroeconomic variables and reducing interest indicates negative effects on economy especially by means of inflation. The study contains the classification of emotions regarding interest rate decision and provides evidence that economic decisions affect emotions and they are not independent from each other. Also study aims to provide comprehensive data for researchers who want to use Twitter with economics and emotions together.

Suggested Citation

  • Ebru Z. Boyacıoğlu & Tuba Adıguzel & Hilal Taş & Ertuğrul Turksever, 2023. "AN EMOTIONAL EXPLANATION OF THE INTEREST DECISION: TWITTER ANALYSIS IN TuRKIYE," Ekonomi Maliye Isletme Dergisi, Adil AKINCI, vol. 6(2), pages 82-99, December.
    • Handle: RePEc:gnx:emid43:2023-6-2-1311081
    DOI: 10.46737/emid.1311081
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    Keywords

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    JEL classification:

    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets

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