Bias in Economic News: The Reporting of Nominal Exchange Rate Behavior in Colombia.

The article discusses a study which provided empirical evidence of media bias for an economic event in Colombia through framing media bias as the uneven reporting of an economic outcome. The country had a market-determined exchange rate since December 1991. A correlation between the amount of news and intervention in the exchange rate is shown. It is said that interest groups encountered the advent of financial openness and an inflation-targeting central bank.