Publication
Sentiment Cyclicality
| dc.contributor.author | Gomes, Orlando | |
| dc.date.accessioned | 2017-04-04T09:42:56Z | |
| dc.date.available | 2017-04-04T09:42:56Z | |
| dc.date.issued | 2015 | |
| dc.description.abstract | The paper investigates the dynamics of a model of sentiment switching. The model is built upon rumor propagation theory and it is designed to uncover, for a given population, the social process through which optimistic individuals might become pessimistic or the other way around. The outcome is a scenario of perpetual motion with the shares of optimistic and pessimistic agents varying persistently over time. On a second stage, the cyclical sentiments setup is attached to a mechanism of formation of expectations based on the notion of optimized rationality, leading to a description of the macro economy in which aggregate output and inflation exhibit sentiment driven fluctuations. The proposed model contributes to a recent strand of macroeconomic literature that recovers the Keynesian notions of animal spirits, market sentiments and waves of optimism and pessimism. | pt_PT |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.citation | Gomes, O. (2015). “Sentiment Cyclicality.” AUCO Czech Economic Review, vol. 9, nº 2, pp. 104-134. | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10400.21/6896 | |
| dc.language.iso | eng | pt_PT |
| dc.peerreviewed | yes | pt_PT |
| dc.subject | sentiments, animal spirits, business cycles, rumor propagation, New-Keynesian macroeconomics, optimized rationality | pt_PT |
| dc.title | Sentiment Cyclicality | pt_PT |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| oaire.citation.endPage | 134 | pt_PT |
| oaire.citation.issue | nº 2 | pt_PT |
| oaire.citation.startPage | 104 | pt_PT |
| oaire.citation.title | AUCO Czech Economic Review | pt_PT |
| oaire.citation.volume | 9 | pt_PT |
| person.familyName | Gomes | |
| person.givenName | Orlando | |
| person.identifier.orcid | 0000-0001-6324-7594 | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | article | pt_PT |
| relation.isAuthorOfPublication | d875b202-226d-48f2-bc40-570c6a58758f | |
| relation.isAuthorOfPublication.latestForDiscovery | d875b202-226d-48f2-bc40-570c6a58758f |