This paper is devoted to the role of information context in the dynamics of consumption/savings decisions. The … of the tonality of news and its changes with the real business cycle. The authors found that the information cycle with …

investigate their capital market implications in the United States by looking at price and trade reactions, information asymmetry … information in stress tests, especially at times of financial distress. Moreover, public disclosure seems to help reduce … private incentives to generate information or to have led to distorted incentives …