Beaudry, Paul; Portier, Franck - National Bureau of Economic Research (NBER) - 2013
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 … literature on news and business cycles offers a coherent way of thinking about aggregate fluctuations, while at the same time we …