What’s that Noise? Analysing Sentiment-based Variation in Central Bank Communication

To which degree can variation in sentiment-based indicators of central bank communication be attributed to changes in macroeconomic, financial, and monetary variables; idiosyncratic speaker effects; sentiment persistence; and random ‘noise’? Using the Loughran and McDonald (2011) dictionary on a tex...

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Bibliographic Details

Published in:	MAGKS - Joint Discussion Paper Series in Economics (Band 41-2022)
Main Authors:	Hayo, Bernd, Zahner, Johannes
Format:	Article
Language:	English
Published:	Philipps-Universität Marburg 2022
Subjects:	information content of sentiment indices monetary policy central banks, Loughran and McDonald (2011) dictionary Sentiment index Wirtschaft Economics
Online Access:	PDF Full Text
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