We use data on speeches held by members of the European Central Bank's (ECB) Executive Board to analyze whether clarity … of central bank communication has increased over time. Employing readability measures as proxy variables, we find that …

institutional transparency, the reporting of the news media on a central bank's activities is also the main source of information … Q&A session of the European Central Bank (ECB)'s press conferences, where journalists have an opportunity to set the … discussion and inquire into the central bank's thinking. Using a structural topic model on a novel dataset consisting of all …

Dictionary approaches are at the forefront of current techniques for quantifying central bank communication. This paper …. This allows us to provide high-quality central bank-specific textual representations and demonstrate their applicability by … multidimensional vector space. To accomplish this, we utilize a text corpus that is unparalleled in size and diversity in the central …

We examine whether artificial intelligence (AI) can decipher European Central Bank's communication. Employing 1769 … inter-meeting verbal communication events of the European Central Bank's Governing Council members, we construct an AI …