On the Emotional Fallout of COVID-19
On the Emotional Fallout of COVID-19

Author(s): Julia M. Puaschunder
Subject(s): Economic development, Socio-Economic Research
Published by: Scientia Moralitas Research Institute
Keywords: Affec; Collective moods; Communication
Summary/Abstract: Income inequality stretches deep in the time prospect the differing groups of the finance community and the real economy have during crises. Differing emotionality arises from economic crisis communication in the news if wealth exists or does not. In the aftermath of the COVID-19 fallout, the finance world in general has different emotional experiences than real economy agents. The most recent market volatility created opportunities for the sophisticated finance community to swop winning industries for losing industries that can be shorted and hence negative market performance could be turned into gains. In the real economy, concrete constraints create a more emotional and destructive reaction to the general information about COVID-19. Comparing the economic consequence of the endogenous crunch for the finance world and the real economy aids to retrieve crisis-specific recovery recommendations. Understanding how the social compound forms economic outcomes promises to explain how market outcomes are developed in society.

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