Purpose Large-scale text-based data increasingly poses methodological challenges due to its size, scope and nature, requiring sophisticated methods for managing, visualizing, analyzing and interpreting such data. This paper aims to propose semantic network analysis (SemNA) as one possible...

The European Union is often portrayed as a global actor that is said to wield ‘economic’ or even ‘normative’ power. Such perspectives presume that states in the international system recognize EU ‘actorness’ along the modestly growing foreign policy capabilities of the Union over...

This study involves tasking ChatGPT with classifying an "activity sentiment score" based on PMI news releases. It explores the predictive power of this score for euro area GDP nowcasting. We find that the PMI text scores enhance GDP nowcasts beyond what is embedded in ECB/Eurosystem Staff...

We investigate whether originators of mortgage-backed securities lower the comprehensibility of disclosure documents to obfuscate low security quality. Utilizing commonly used complexity proxies primarily based on the volume of the investment prospectus, we find no impact on the performance of...

We investigate whether originators of mortgage-backed securities lower the comprehensibility of disclosure documents to obfuscate low security quality. Utilizing commonly used complexity proxies primarily based on the volume of the investment prospectus, we find no impact on the performance of...

In this study, we examine the Federal Reserve's communication strategies during the COVID-19 pandemic, comparing them with communication during previous periods of economic stress. Using specialized dictionaries tailored to COVID-19, unconventional monetary policy (UMP), and financial stability,...

Competition authorities increasingly rely on economic screening tools to identify markets where firms deviate from competitive norms. Traditional screening methods assume that collusion occurs through secret agreements. However, recent research highlights that firms can use public announcements...

Competition authorities increasingly rely on economic screening tools to identify markets where firms deviate from competitive norms. Traditional screening methods assume that collusion occurs through secret agreements. However, recent research highlights that firms can use public announcements...