I contribute to previous research on the efficient integration of forecasters' narratives into business cycle forecasts. Using a Bidirectional Encoder Representations from Transformers (BERT) model, I quantify 19,300 paragraphs from German business cycle reports (1998-2021) and classify the...

I contribute to previous research on the efficient integration of forecasters' narratives into business cycle forecasts. Using a Bidirectional Encoder Representations from Transformers (BERT) model, I quantify 19,300 paragraphs from German business cycle reports (1998-2021) and classify the...

When a trigram backoff language model is created from a large body of text, trigrams and bigrams that occur few times in the training text are often excluded from the model in order to decrease the model size. Generally, the elimination of n-grams with very low counts is believed to not...