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By employing Text Mining methods such as Structural Topic Modeling to examine all 2,135 speeches by ECB Executive Board members between February 1997 and October 2019, this paper identifies and analyses a significant semantic change that occurred in ECB communication in the transition from Great...
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aspects stand out. The first is that the coronavirus crisis was, in its origin, exogenous from previous banking sector …
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As the coronavirus pandemic spread across the globe in early 2020, the European Central Bank as well as national …
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