Whatever it Takes to Understand a Central Banker – Embedding their Words Using Neural Networks.

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 utilize...

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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 30-2021)
Main Authors: Baumgärtner, Martin, Zahner, Johannes
Format: Article
Language:English
Published: Philipps-Universität Marburg 2021
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MAGKS - Joint Discussion Paper Series in Economics