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expectations. Our results indicate that Colombia's Central Bank uses communications as a monetary policy tool and that this …
Persistent link: https://www.econbiz.de/10014382979
This paper employs text-mining techniques to analyse the communication strategy of the Central Bank of Nigeria (CBN … (MPC) represents an important tool of central bank communication, we construct a corpus based on 87 policy communiques with … readability, sentiments, and topics of the policy documents. While the CBN’s communication has increased substantially over the …
Persistent link: https://www.econbiz.de/10012178168
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This paper employs text-mining techniques to analyse the communication strategy of the Central Bank of Nigeria (CBN … (MPC) represents an important tool of central bank communication, we construct a corpus based on 87 policy communiques with … readability, sentiments, and topics of the policy documents. While the CBN's communication has increased substantially over the …
Persistent link: https://www.econbiz.de/10012840569
Effective central bank communication is useful for anchoring market expectations and enhancing macroeconomic stability …. In this paper, the communication strategy of the Bank of Ghana (BOG) is analysed using BOG's monetary policy committee … press releases for the period 2018-2019. Specifically, we apply text mining techniques to investigate the readability …
Persistent link: https://www.econbiz.de/10012842992
and Support Vector Machines text classification. We show that the latter method tends to provide more stable and accurate … using an advanced text mining classification model to measure the medias perception and the Taylor rule application confirms … that communication plays a significant role in enhancing the accuracy when trying to estimate the bank's reaction function. …
Persistent link: https://www.econbiz.de/10011669467
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