Facial expressions and the business cycle: assessing the information content of communicated emotions

Aromí, José Daniel; Clements, Adam

Please use this identifier to cite or link to this item: https://repositorio.uca.edu.ar/handle/123456789/11082

Título :	Facial expressions and the business cycle: assessing the information content of communicated emotions
Autor :	Aromí, José Daniel Clements, Adam
Palabras clave :	INDICADORES ECONOMICOS; EXPRESIONES FACIALES; CICLOS ECONOMICOS; EMOCIONES
Fecha de publicación :	2020
Editorial :	Pontificia Universidad Católica Argentina. Facultad de Ciencias Económicas. Departamento de Investigación Francisco Valsecchi
Cita :	Aromí, J. D., Clements, A. Facial expressions and the business cycle: assessing the information content of communicated emotions [en línea]. Facultad de Ciencias Económicas. Departamento de investigación Francisco Valsecchi. Documentos de trabajo en economía. 2020, 64. Disponible en: https://repositorio.uca.edu.ar/handle/123456789/11082
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.
Cobertura Espacial:	Estados Unidos
Cobertura Temporal:	Siglo XX Siglo XXI
URI :	https://repositorio.uca.edu.ar/handle/123456789/11082
Disciplina:	ECONOMIA
Derechos:	Acceso abierto
Appears in Collections:	DTE 2020