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Although often applied in other social sciences, text mining has been less frequently used in economics and in policy … circles, particularly inside central banks. This Handbook is a brief introduction to the field, discussing how text mining is …
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-source software R and relevant packages. Several text mining applications to analyze central bank texts are presented …
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using an advanced text mining classification model to measure the medias perception and the Taylor rule application confirms …
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-identified monetary shocks are more closely associated with changes in short-term rates. Our result strongly suggests that a text mining …
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We quantify the Monetary Policy Board (MPB) minutes of the Bank of Korea (BOK) using text mining. We propose a novel …
Persistent link: https://www.econbiz.de/10012895337
We quantify the Monetary Policy Board (MPB) minutes of the Bank of Korea (BOK) using text mining. We propose a novel …
Persistent link: https://www.econbiz.de/10012898382
The Central Bank uses press releases after board meetings for at least three purposes: first, to justify policy measures based on the economic situation; second, to provide some forward guidance signals to agents; and third, to supply some further (latent) information to the markets. This...
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