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Annual Conference

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International Macroeconomics, Money & Banking

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May 2017

More than Words: A Textual Analysis of Monetary Policy Communication

Pongsak LUANGARAM, Warapong WONGWACHARA
This paper employs various tools from computational linguistics to monetary policy statements to gain exploratory insights into the nature of central bank communication. The sample was taken from a wide array of central banks, covering major central banks and others under the inflation-targeting (IT...
Keywords: monetary policy, Communication, Computational linguistics
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