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

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 correspo...

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Autores principales: Aromí, José Daniel, Clements, Adam
Formato: Artículo
Lenguaje:Inglés
Publicado: Pontificia Universidad Católica Argentina. Facultad de Ciencias Económicas. Departamento de Investigación Francisco Valsecchi 2020
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Acceso en línea:https://repositorio.uca.edu.ar/handle/123456789/11082
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id I33-R139123456789-11082
record_format dspace
institution Universidad Católica Argentina
institution_str I-33
repository_str R-139
collection Repositorio Institucional de la Universidad Católica Argentina (UCA)
language Inglés
topic INDICADORES ECONOMICOS
EXPRESIONES FACIALES
CICLOS ECONOMICOS
EMOCIONES
spellingShingle INDICADORES ECONOMICOS
EXPRESIONES FACIALES
CICLOS ECONOMICOS
EMOCIONES
Aromí, José Daniel
Clements, Adam
Facial expressions and the business cycle: assessing the information content of communicated emotions
topic_facet INDICADORES ECONOMICOS
EXPRESIONES FACIALES
CICLOS ECONOMICOS
EMOCIONES
description 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.
format Artículo
author Aromí, José Daniel
Clements, Adam
author_facet Aromí, José Daniel
Clements, Adam
author_sort Aromí, José Daniel
title Facial expressions and the business cycle: assessing the information content of communicated emotions
title_short Facial expressions and the business cycle: assessing the information content of communicated emotions
title_full Facial expressions and the business cycle: assessing the information content of communicated emotions
title_fullStr Facial expressions and the business cycle: assessing the information content of communicated emotions
title_full_unstemmed Facial expressions and the business cycle: assessing the information content of communicated emotions
title_sort facial expressions and the business cycle: assessing the information content of communicated emotions
publisher Pontificia Universidad Católica Argentina. Facultad de Ciencias Económicas. Departamento de Investigación Francisco Valsecchi
publishDate 2020
url https://repositorio.uca.edu.ar/handle/123456789/11082
work_keys_str_mv AT aromijosedaniel facialexpressionsandthebusinesscycleassessingtheinformationcontentofcommunicatedemotions
AT clementsadam facialexpressionsandthebusinesscycleassessingtheinformationcontentofcommunicatedemotions
bdutipo_str Repositorios
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