Dieses Working Paper untersucht den Einsatz von Generative AI Anwendungen zur Prognose von Leitzinsentscheidungen der Federal Reserve. Es bewertet, ob diese Anwendungen eingesetzt werden können, um Leitzinsänderungen vorherzusagen, und vergleicht ihre Vorhersagegenauigkeit mit den...

This paper introduces a novel database of text features extracted from the speeches of 53 central banks from 1996 to 2023 using state-of-the-art NLP methods. We establish four facts: (1) central banks with floating and pegged exchange rates communicate differently, and these differences are...

This paper introduces a novel database of text features extracted from the speeches of 53 central banks from 1996 to 2023 using state-of-the-art NLP methods. We establish four facts: (1) central banks with floating and pegged exchange rates communicate differently, and these differences are...