BEING THE NEW YORK TIMES: THE POLITICAL BEHAVIOUR OF A NEWSPAPER* Riccardo Puglisi Department of Political Science Massachusetts Institute of Technology Political Economy and Public Policy Series The Suntory Centre Suntory and Toyota International Centres for Economics and Related Disciplines London School of Economics and Political Science Houghton Street London WC2A 2AE PEPP/20 April 2006 Tel: (020) 7955 6674 * Email address:
[email protected]. I would like to thank my supervisor Andrea Prat for his constant encouragement and help. Moreover, I have greatly benefited from conversations with Bharat Anand, Heski Bar-Isaac, Tim Besley, Jordi Blanes i Vidal, Robin Burgess, Stefano DellaVigna, Dave Donaldson, Lucy Eyre, Carlo Fiorio, Christian Huse, Bryan Jones, Dean Karlan, Larry Kenny, Valentino Larcinese, John Lott, Maxwell McCombs, Adam Meirowitz, Silvia Pezzini, Steve Pischke, Imran Rasul, Ken Scheve, Jim Snyder, David Strömberg and Daniel Sturm. A special thank to Oriana Bandiera and Barbara Petrongolo. I would also like to thank seminar participants at the LSE/EOPP workshop, the LSE Government Seminar, the Silvaplana 2004 Workshop in Political Economy, the APSA 2004, the SEA 2004 and the 2005 Public Choice Conferences. All errors remain of course mine. The paper is also available at:http://papers.ssrn.com/sol3/papers.cfm?abstract_id=573801 Abstract I analyze a dataset of news from the New York Times, from 1946 to 1997. Controlling for the incumbent President's activity across issues, I find that during the presidential campaign the New York Times gives more emphasis to topics that are owned by the Democratic party (civil rights, health care, labor and social welfare), when the incumbent President is a Republican.