NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Do Mood Swings Drive Business Cycles and is it Rational?

Paul Beaudry, Deokwoo Nam, Jian Wang

NBER Working Paper No. 17651
Issued in December 2011

---- Acknowledgements -----

This paper has received indirect support from the SSHRC of Canada and the Fellowship program at the Bank of Canada. All views are those of the authors and do not necessarily reflect the views of the Federal Reserve Bank of Dallas , the Federal Reserve System, or the National Bureau of Economic Research.

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