Perceived uncertainty shocks, excess optimism-pessimism, and learning in the business cycle

Pratiti Chatterjee and Fabio Milani

Journal of Economic Behavior & Organization, 2020, vol. 179, issue C, 342-360

Abstract: What are the effects of beliefs, sentiment, and uncertainty, over the business cycle?

Keywords: Uncertainty shocks; Sentiment; Animal spirits; Learning; Behavioral New Keynesian model; Sources of business cycle fluctuations; Observed survey expectations; Optimism and pessimism in business cycles; Probability density forecasts (search for similar items in EconPapers)
JEL-codes: C32 E32 E50 E52 E70 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (6)

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Related works:
Working Paper: Perceived Uncertainty Shocks, Excess Optimism-Pessimism, and Learning in the Business Cycle (2020)
Working Paper: Perceived Uncertainty Shocks, Excess Optimism-Pessimism, and Learning in the Business Cycle (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:179:y:2020:i:c:p:342-360

DOI: 10.1016/j.jebo.2020.09.007

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