DSpace Colección :https://repositorio.uca.edu.ar/handle/123456789/110652026-04-25T03:38:00Z2026-04-25T03:38:00ZFacial expressions and the business cycle: assessing the information content of communicated emotionsAromí, José DanielClements, Adamhttps://repositorio.uca.edu.ar/handle/123456789/110822024-03-21T11:38:43Z2020-01-01T00:00:00ZTítulo: Facial expressions and the business cycle: assessing the information content of communicated emotions
Autor: Aromí, José Daniel; Clements, Adam
Resumen: Abstract:This paper is the first to consider the link between information conveyed by the facial expressions
of a range of economic actors and economic activity. A collection of photographs is used to
construct indicators of emotions communicated by the facial expressions. The indicators
correspond to the US economy for the period 1996-2018. Significant links between the level of
economic activity and indices of emotional states are observed. Beyond contemporaneous
associations, the indicators are shown to anticipate business cycle dynamics. Indices summarizing
emotions linked to policy making and the stock market contain more information than indicators
linked to corporations.2020-01-01T00:00:00Z