Sentiment and the U.S. business cycle

Fabio Milani

Journal of Economic Dynamics and Control, 2017, vol. 82, issue C, 289-311

Abstract: Psychological factors are commonly believed to play a role on cyclical economic fluctuations, but they are typically omitted from state-of-the-art macroeconomic models.

Keywords: Sentiment; Animal spirits; Learning; DSGE model; Sources of business cycle fluctuations; Observed survey expectations; Optimism and pessimism in business cycles (search for similar items in EconPapers)
JEL-codes: E03 E32 E50 E52 E58 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (36)

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Related works:
Working Paper: Sentiment and the US Business Cycle (2014)
Working Paper: Sentiment and the U.S. Business Cycle (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:dyncon:v:82:y:2017:i:c:p:289-311

DOI: 10.1016/j.jedc.2017.07.005

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