Mood, firm behavior, and aggregate economic outcomes
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DOI: 10.1016/j.jfineco.2018.10.010
Abstract: This study examines whether mood affects the aggregate state-level macroeconomy through its impact on firm-level decisions. Using sky cloud cover as a proxy for mood, we show that mood affects the economic expectations of small… read more here.
Keywords: mood affects; state level; mood firm; level ... See more keywords