Do Mood Swings Drive Business Cycles and is it Rational?
收藏NBER2011-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17651
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资源简介：
This paper provides new evidence in support of the idea that bouts of optimism and pessimism drive much of US business cycles. In particular, we begin by using sign-restriction based identification schemes to isolate innovations in optimism or pessimism and we document the extent to which such
提供机构：
美国国家经济研究局
创建时间：
2011-12-01
