Dictionary approaches are at the forefront of current techniques for quantifying central bank communication. This paper proposes embeddings - a language model trained using machine learning techniques - to locate words and documents in a multidimensional vector space. To accomplish this, we...

The latest developments in Artificial Intelligence (AI) are the focal point in increasing the performance of other technologies and the evolution of Industry 4.0. Considering the benefits of AI in today's world, businesses must move towards using Integrated AI tools and services. This paper...

This paper evaluates whether publicly available daily news lead texts help nowcasting Swiss GDP growth. I collect titles and lead texts from three Swiss newspapers and calculate text-based indicators for various economic concepts. A composite indicator calculated from these indicators is highly...