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Published in 2019 at "Journal of Financial Economics"
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…
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Keywords:
mood affects;
state level;
mood firm;
level ... See more keywords