A Text Analysis of Federal Reserve meeting minutes

May 21, 2018 Β· Declared Dead Β· πŸ› arXiv.org

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Authors Harish Gandhi Ramachandran, Dan DeRose arXiv ID 1805.07851 Category cs.IR: Information Retrieval Cross-listed cs.CL Citations 6 Venue arXiv.org Last Checked 4 months ago
Abstract
Recent developments in monetary policy by the Federal Reserve has created a need for an objective method of communication analysis.Using methods developed for text analysis, we present a novel technique of analysis which creates a semantic space defined by various policymakers public comments and places the committee consensus in the appropriate location. Its then possible to determine which member of the committee is most closely aligned with the committee consensus over time and create a foundation for further actionable research.
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