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Evolution of topics in central bank speech communication

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Title: Evolution of topics in central bank speech communication
Authors: Hansson, Magnus
Issue Date: Oct-2021
Extent: 28
Publication type: report
Publisher: University of Gothenburg
Organization: Department of Economics, University of Gothenburg
Series/Report no.: Working Papers in Economics
Keywords: central bank communication
monetary policy
textual analysis
dynamic topic models
Abstract: This paper studies the content of central bank speech communication from 1997 through 2020 and asks the following questions: (i) What global topics do central banks talk about? (ii) How do these topics evolve over time? I turn to natural language processing, and more speci cally Dynamic Topic Models, to answer these questions. The analysis consists of an aggregate study of nine major central banks and a case study of the Federal Reserve, which allows for region speci c control variables. I ... more
ISSN: 1403-2465
Description: JEL Classi cation: C38, C55, E52, E58
Appears in Collections:Working papers



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