This paper examines President Obama's rhetoric concerning financial regulation during 2009-10, during legislative action on financial reform. The study evaluates the use of basic automated textual analysis. This requires addressing a number of unresolved analytical issues. This study offers some...

Advanced economies are undergoing a structural transformation from manufacturing to services. We document that structural change comes with a process of services deepening: over time, both services and manufacturing become more intensive in service inputs. We argue that structural transformation...