{"id":1300,"date":"2023-02-23T11:14:11","date_gmt":"2023-02-23T09:14:11","guid":{"rendered":"https:\/\/www.christophbertsch.com\/?p=1300"},"modified":"2023-02-23T11:15:21","modified_gmt":"2023-02-23T09:15:21","slug":"suerf-policy-brief-no-528-on-fed-speeches-meet-transformer-models","status":"publish","type":"post","link":"https:\/\/www.christophbertsch.com\/?p=1300","title":{"rendered":"SUERF Policy Brief No. 528 on Fed Speeches Meet Transformer Models"},"content":{"rendered":"\n<p>This short policy article discusses the use of state-of-the-art methods from natural language processing to examine the evolution of the Fed\u2019s interpretation of its mandate over time, using the largest corpus of Fed speeches assembled to-date: <a href=\"https:\/\/www.suerf.org\/suer-policy-brief\/61859\/federal-reserve-speeches-meet-transformer-models\">https:\/\/www.suerf.org\/suer-policy-brief\/61859\/federal-reserve-speeches-meet-transformer-models<\/a><\/p>\n\n\n\n<p>It is based on our recently published working paper: Bertsch, Christoph, Hull, Isaiah, Lumsdaine, Robin L. and Xin Zhang (2022). \u201cCentral Bank Mandates and Monetary Policy Stances: through the Lens of Federal Reserve Speeches,\u201d&nbsp;<em>Sveriges Riksbank Working Paper Series No. 417<\/em>, 2022: <a href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=4255978\">https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=4255978<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This short policy article discusses the use of state-of-the-art methods from natural language processing to examine the evolution of the Fed\u2019s interpretation of its mandate over time, using the largest corpus of Fed speeches assembled to-date: https:\/\/www.suerf.org\/suer-policy-brief\/61859\/federal-reserve-speeches-meet-transformer-models It is based &hellip; <a href=\"https:\/\/www.christophbertsch.com\/?p=1300\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,77,47,49,76],"tags":[],"class_list":["post-1300","post","type-post","status-publish","format-standard","hentry","category-academic-research","category-central-bank-communication","category-macroprudential-policy","category-monetary-policy","category-textual-analysis"],"_links":{"self":[{"href":"https:\/\/www.christophbertsch.com\/index.php?rest_route=\/wp\/v2\/posts\/1300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.christophbertsch.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.christophbertsch.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.christophbertsch.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.christophbertsch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1300"}],"version-history":[{"count":2,"href":"https:\/\/www.christophbertsch.com\/index.php?rest_route=\/wp\/v2\/posts\/1300\/revisions"}],"predecessor-version":[{"id":1302,"href":"https:\/\/www.christophbertsch.com\/index.php?rest_route=\/wp\/v2\/posts\/1300\/revisions\/1302"}],"wp:attachment":[{"href":"https:\/\/www.christophbertsch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.christophbertsch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.christophbertsch.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}