Facial expressions and the business cycle

Abstract: This paper is the first to consider the link between information in the facial expressions of economic actors and economic activity. While much research has focused on text based sentiment, little is understood about the possible information conveyed by facial expressions. A collection of...

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Detalles Bibliográficos
Autores principales: Aromí, José Daniel, Clements, Adam
Formato: Artículo
Lenguaje:Inglés
Publicado: Elsevier 2022
Materias:
EMOCIONES
COMUNICACION NO VERBAL
EXPRESIONES FACIALES
CRECIMIENTO ECONOMICO
CICLOS ECONOMICOS
Acceso en línea:https://repositorio.uca.edu.ar/handle/123456789/13354
Aporte de:
Repositorio Institucional de la Universidad Católica Argentina (UCA) de Universidad Católica Argentina
id I33-R139123456789-13354
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 EMOCIONES
COMUNICACION NO VERBAL
EXPRESIONES FACIALES
CRECIMIENTO ECONOMICO
CICLOS ECONOMICOS
spellingShingle EMOCIONES
COMUNICACION NO VERBAL
EXPRESIONES FACIALES
CRECIMIENTO ECONOMICO
CICLOS ECONOMICOS
Aromí, José Daniel
Clements, Adam
Facial expressions and the business cycle
topic_facet EMOCIONES
COMUNICACION NO VERBAL
EXPRESIONES FACIALES
CRECIMIENTO ECONOMICO
CICLOS ECONOMICOS
description Abstract: This paper is the first to consider the link between information in the facial expressions of economic actors and economic activity. While much research has focused on text based sentiment, little is understood about the possible information conveyed by facial expressions. A collection of media photographs corresponding to the US economy for the period 1996–2018 is used to construct indices of emotions communicated by facial expressions. The indices are correlated with business cycle conditions, and also contain information about the future state of the business cycle, information that is incremental to that contained in commonly used measures of economic conditions. Social cognition means that emotions transmitted via facial expressions can influence expectations regarding economic prospects, decision making and hence future economic outcomes. The results here open up the possibility of using information from facial expressions to augment existing methods for using text-based sentiment for macroeconomic or financial forecasting.
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
title_short Facial expressions and the business cycle
title_full Facial expressions and the business cycle
title_fullStr Facial expressions and the business cycle
title_full_unstemmed Facial expressions and the business cycle
title_sort facial expressions and the business cycle
publisher Elsevier
publishDate 2022
url https://repositorio.uca.edu.ar/handle/123456789/13354
work_keys_str_mv AT aromijosedaniel facialexpressionsandthebusinesscycle
AT clementsadam facialexpressionsandthebusinesscycle
bdutipo_str Repositorios
_version_ 1764820526039040001

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