The financial press is a conduit for popular narratives that reflect collective memory about
historical events. Some collective memories relate to major stock market crashes, and …

Abstract According to Shiller (2017), economic and financial narratives often emerge as a
consequence of their virality, rather than their veracity, and constitute an important, but …

Robert Shiller highlights the role popular stories play in driving economic behavior and
argues the need to analyze these scientifically. However, their impacts are difficult to …

We develop social network and “relative sentiment shift” analysis techniques to study how
financial narratives influence financial markets. First, we analyze Reuters News articles …

This paper applies algorithmic analysis to financial market text-based data to assess how
narratives and sentiment might drive financial system developments. We find changes in …

It is generally accepted that news, often defined as news stories in a professionally edited
newspaper, moves stock prices. By exploring data from an online stock forum our study …

This paper studies the role of narratives for macroeconomic fluctuations. Microfounding
narratives as directed acyclic graphs, we show how exposure to different narratives can …

We study the macroeconomic implications of narratives, or beliefs about the economy that
affect decisions and spread contagiously. Empirically, we use natural-languageprocessing …

'Animal spirits' is a term that describes the instincts and emotions driving human behaviour
in economic settings. In recent years, this concept has been discussed in relation to the …

Social scientists have become increasingly interested in how narratives—the stories in
fiction, politics, and life—shape beliefs, behavior, and government policies. This paper …