Hayo, Bernd; Neuenkirch, Matthias - 2011 - This version: 11 February 2011
In this paper, we analyze the determinants of speeches by Federal Reserve (Fed) officials over the period January 1998 to September 2009. Econometrically, we use a probit model with regional and national macroeconomic variables to explain the subjectively coded content of these speeches. Our...