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Cited by 1,004Monetary Policy and Economic ImpactEconomic theories and modelsEconomic Theory and Policy

The DOI matches its Crossref record; 58 of the 60 references it cites were found in a registry or an index.

Narrative Economics

Shiller, Robert J.·2017·American Economic Review
DOI 10.1257/aer.107.4.967
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Abstract

This address considers the epidemiology of narratives relevant to economic fluctuations. The human brain has always been highly tuned toward narratives, whether factual or not, to justify ongoing actions, even such basic actions as spending and investing. Stories motivate and connect activities to deeply felt values and needs. Narratives “go viral” and spread far, even worldwide, with economic impact. The 1920–1921 Depression, the Great Depression of the 1930s, the so-called Great Recession of 2007–2009, and the contentious political-economic situation of today are considered as the results of the popular narratives of their respective times. Though these narratives are deeply human phenomena that are difficult to study in a scientific manner, quantitative analysis may help us gain a better understanding of these epidemics in the future. (JEL D72, E32, G01, N10)

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Crossref · 10.1257/aer.107.4.967

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58 of 58 references verified0 citation errors · 0 not checkable

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Citations

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Show all 60 references

Research works printed but not linked: 17

  1. 10.1086/261849 · DOI
  2. Eichengreen Barry, 1996, The Gold Standard and the Great Depression, 1919
  3. Federal Deposit Insurance Corporation, 1984, A History of the FDIC, 1933
  4. 10.1162/qjec.2005.120.1.45 · DOI
  5. Higgs Robert, 1997, Independent Review, 1, 561
  6. Jackson Matthew O, 2005, Economie Publique, 16, 69
  7. Kennedy David M, 2001, The American People, Depression and War, 1929
  8. Kermack W. O., 1927, Proceedings of the Royal Society of London. Series A, Containing Papers of a Mathematical and Physical Character, 115, 701
  9. Laffer Arthur, 2004, Backgrounder, 1765, 1
  10. 10.1037/0033-2909.127.2.267 · DOI · Paper page
  11. Myrdal Gunnar, 1974, Center Magazine., 26
  12. Roll Richard, 1988, American Economic Review, 74, 861
  13. Shapiro Matthew D, 2016, National Bureau of Economic Research Reporter, 2, 11
  14. Shiller Robert J, 1981, American Economic Review, 71, 421
  15. Shiller Robert J, 1995, American Economic Review, 85, 181
  16. Wanniski Jude, 1978, Public Interest, 50, 3
  17. 10.2307/3685505 · DOI

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Metadata

Authors
Shiller, R. J.
Affiliations
Yale University (US)
Corresponding author
Shiller, Robert J.
ORCID
Shiller, Robert J.
Venue
American Economic Review
Publisher
American Economic Association
Published
2017-04-01
Volume
107
Issue
4
Pages
967-1004
ISSN
0002-8282 (ISSN-L)
DOI
10.1257/aer.107.4.967
OpenAlex
W4233731957
Cited by
1,004
References
60
Citations by year
2026: 185 · 2025: 148 · 2024: 112 · 2023: 118 · 2022: 110 · 2021: 140 · 2020: 84 · 2019: 51 · 2018: 35 · 2017: 18
FWCI
120.79
Type
journal article
Language
en
Open access
closed
Locations
  • American Economic Review (publishedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic theories and models
  • Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Economic Theory and Policy
Keywords
narrative economics, economic narratives, business cycles, Great Depression, Great Recession, behavioral economics, economic psychology, political economy

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