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

Autores
Aromí, José Daniel; Clements, Adam
Año de publicación
2020
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
Fil: Aromí, José Daniel. Pontificia Universidad Católica Argentina. Facultad de Ciencias Económicas; Argentina
Fil: Aromí, José Daniel. Consejo Nacional de Investigaciones Científicas y Técnicas de Argentina; Argentina
Fil: Clements, Adam. Universidad Tecnológica de Queensland; Australia
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.
Fuente
Documento de trabajo N° 64 del Departamento de Investigación Francisco Valsecchi. Facultad de Ciencias Económicas. Pontificia Universidad Católica Argentina. 2020
Materia
INDICADORES ECONOMICOS
EXPRESIONES FACIALES
CICLOS ECONOMICOS
EMOCIONES
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by-nc-sa/4.0/
Repositorio
Repositorio Institucional (UCA)
Institución
Pontificia Universidad Católica Argentina
OAI Identificador
oai:ucacris:123456789/11082
Acceder
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oai_identifier_str oai:ucacris:123456789/11082
network_acronym_str RIUCA
repository_id_str 2585
network_name_str Repositorio Institucional (UCA)
spelling Facial expressions and the business cycle: assessing the information content of communicated emotionsAromí, José DanielClements, AdamINDICADORES ECONOMICOSEXPRESIONES FACIALESCICLOS ECONOMICOSEMOCIONESFil: Aromí, José Daniel. Pontificia Universidad Católica Argentina. Facultad de Ciencias Económicas; ArgentinaFil: Aromí, José Daniel. Consejo Nacional de Investigaciones Científicas y Técnicas de Argentina; ArgentinaFil: Clements, Adam. Universidad Tecnológica de Queensland; AustraliaAbstract: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.Pontificia Universidad Católica Argentina. Facultad de Ciencias Económicas. Departamento de Investigación Francisco Valsecchi2020info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfhttps://repositorio.uca.edu.ar/handle/123456789/11082Aromí, J. D., Clements, A. Facial expressions and the business cycle: assessing the information content of communicated emotions [en línea]. Facultad de Ciencias Económicas. Departamento de investigación Francisco Valsecchi. Documentos de trabajo en economía. 2020, 64. Disponible en: https://repositorio.uca.edu.ar/handle/123456789/11082Documento de trabajo N° 64 del Departamento de Investigación Francisco Valsecchi. Facultad de Ciencias Económicas. Pontificia Universidad Católica Argentina. 2020reponame:Repositorio Institucional (UCA)instname:Pontificia Universidad Católica ArgentinaengEstados UnidosSiglo XXSiglo XXIinfo:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-sa/4.0/2025-07-03T10:57:39Zoai:ucacris:123456789/11082instacron:UCAInstitucionalhttps://repositorio.uca.edu.ar/Universidad privadaNo correspondehttps://repositorio.uca.edu.ar/oaiclaudia_fernandez@uca.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:25852025-07-03 10:57:39.399Repositorio Institucional (UCA) - Pontificia Universidad Católica Argentinafalse
dc.title.none.fl_str_mv Facial expressions and the business cycle: assessing the information content of communicated emotions
title Facial expressions and the business cycle: assessing the information content of communicated emotions
spellingShingle Facial expressions and the business cycle: assessing the information content of communicated emotions
Aromí, José Daniel
INDICADORES ECONOMICOS
EXPRESIONES FACIALES
CICLOS ECONOMICOS
EMOCIONES
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
dc.creator.none.fl_str_mv Aromí, José Daniel
Clements, Adam
author Aromí, José Daniel
author_facet Aromí, José Daniel
Clements, Adam
author_role author
author2 Clements, Adam
author2_role author
dc.subject.none.fl_str_mv INDICADORES ECONOMICOS
EXPRESIONES FACIALES
CICLOS ECONOMICOS
EMOCIONES
topic INDICADORES ECONOMICOS
EXPRESIONES FACIALES
CICLOS ECONOMICOS
EMOCIONES
dc.description.none.fl_txt_mv Fil: Aromí, José Daniel. Pontificia Universidad Católica Argentina. Facultad de Ciencias Económicas; Argentina
Fil: Aromí, José Daniel. Consejo Nacional de Investigaciones Científicas y Técnicas de Argentina; Argentina
Fil: Clements, Adam. Universidad Tecnológica de Queensland; Australia
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.
description Fil: Aromí, José Daniel. Pontificia Universidad Católica Argentina. Facultad de Ciencias Económicas; Argentina
publishDate 2020
dc.date.none.fl_str_mv 2020
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://repositorio.uca.edu.ar/handle/123456789/11082
Aromí, J. D., Clements, A. Facial expressions and the business cycle: assessing the information content of communicated emotions [en línea]. Facultad de Ciencias Económicas. Departamento de investigación Francisco Valsecchi. Documentos de trabajo en economía. 2020, 64. Disponible en: https://repositorio.uca.edu.ar/handle/123456789/11082
url https://repositorio.uca.edu.ar/handle/123456789/11082
identifier_str_mv Aromí, J. D., Clements, A. Facial expressions and the business cycle: assessing the information content of communicated emotions [en línea]. Facultad de Ciencias Económicas. Departamento de investigación Francisco Valsecchi. Documentos de trabajo en economía. 2020, 64. Disponible en: https://repositorio.uca.edu.ar/handle/123456789/11082
dc.language.none.fl_str_mv eng
language eng
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc-sa/4.0/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-sa/4.0/
dc.format.none.fl_str_mv application/pdf
dc.coverage.none.fl_str_mv Estados Unidos
Siglo XX
Siglo XXI
dc.publisher.none.fl_str_mv Pontificia Universidad Católica Argentina. Facultad de Ciencias Económicas. Departamento de Investigación Francisco Valsecchi
publisher.none.fl_str_mv Pontificia Universidad Católica Argentina. Facultad de Ciencias Económicas. Departamento de Investigación Francisco Valsecchi
dc.source.none.fl_str_mv Documento de trabajo N° 64 del Departamento de Investigación Francisco Valsecchi. Facultad de Ciencias Económicas. Pontificia Universidad Católica Argentina. 2020
reponame:Repositorio Institucional (UCA)
instname:Pontificia Universidad Católica Argentina
reponame_str Repositorio Institucional (UCA)
collection Repositorio Institucional (UCA)
instname_str Pontificia Universidad Católica Argentina
repository.name.fl_str_mv Repositorio Institucional (UCA) - Pontificia Universidad Católica Argentina
repository.mail.fl_str_mv claudia_fernandez@uca.edu.ar
_version_ 1836638354142134272
score 13.069144

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