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Replication data for: News-Driven Business Cycles: Insights and Challenges

Resource Type
  • Beaudry, Paul
  • Portier, Franck
Publication Date
  • Abstract

    There is a widespread belief that changes in expectations may be an important independent driver of economic fluctuations. The news view of business cycles offers a formalization of this perspective. In this paper we discuss mechanisms by which changes in agents' information, due to the arrival of news, can cause business cycle fluctuations driven by expectational change, and we review the empirical evidence aimed at evaluating their relevance. In particular, we highlight how the literature on news and business cycles offers a coherent way of thinking about aggregate fluctuations, while at the same time we emphasize the many challenges that must be addressed before a proper assessment of the role of news in business cycles can be established. (JEL D83, D84, E13, E32, O33)
  • Is supplement to
    DOI: 10.1257/jel.52.4.993 (Text)
  • Beaudry, Paul, and Franck Portier. “News-Driven Business Cycles: Insights and Challenges.” Journal of Economic Literature 52, no. 4 (December 2014): 993–1074.
    • ID: 10.1257/jel.52.4.993 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Beaudry, Paul; Portier, Franck (2014): Replication data for: News-Driven Business Cycles: Insights and Challenges. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.