Information, Animal Spirits, and the Meaning of Innovations in Consumer Confidence
---- Acknowledgements ----
The authors gratefully acknowledge helpful comments and suggestions from Susanto Basu, Alan Blinder, John Cochrane, Olivier Coibion, Daniel Cooper, Mike Elsby, Yuriy Gorodinchenko, Christopher House, Peter Ireland, Lutz Kilian, Miles Kimball, Guido Lorenzoni, Serena Ng, Matthew Shapiro, Robert Solow, Frank Vella, two anonymous referees, and seminar participants at Boston College, Johns Hopkins, Michigan, the Wharton School, the Russell Sage Foundation, and the NBER Summer Institute in Monetary Economics. We also thank John Fernald for providing his quarterly utilization-corrected TFP measure. Robert Barsky acknowledges generous support as a visiting scholar at the Russell Sage Foundation and the Bank of Israel. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.