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Bank of Canada RSS Feedsen2024-03-28T22:11:39+00:00The Anatomy of Sentiment-Driven Fluctuations
https://www.bankofcanada.ca/2021/07/staff-working-paper-2021-33/
We show that changes in sentiment that aren’t related to fundamentals can drive persistent macroeconomic fluctuations even when all economic agents are rational. Changes in sentiment can also affect how fundamental shocks affect macroeconomic outcomes.2021-07-15T10:06:37+00:00enThe Anatomy of Sentiment-Driven Fluctuations2021-07-15Business fluctuations and cyclesEconomic modelsStaff Working Paper 2021-33https://www.bankofcanada.ca/wp-content/uploads/2021/07/swp2021-33.pdfThe Anatomy of Sentiment-Driven FluctuationsSushant AcharyaJess BenhabibZhen HuoJuly 2021EE2E20E3E32FF4F44