Joint research unit 7235

Capturing international influences in US monetary policy through a NLP approach

Speaker :Nicolas de Roux

Co-auteur: Laurent Ferrara

Discutants : Thomas Chuffart (sénior) et Stéphane Matton (junior

Abstract: We construct indicators of the attention paid by US monetary policymakers to the international situation. We apply natural language processing techniques to minutes of the Federal Open Market Committee. We discuss the channels through which foreign economic conditions can impact US monetary policy and their relative importance in Fed discussion. By adding these text-based indicators to a standard forward-looking Taylor rule, we derive a quantitative measure of the external influences on decisions made by the US Federal Reserve. Our results show that when international matters are discussed at greater lengths, the Fed is more accommodating than what would be suggested by the Taylor Rule.

AGENDA

Monday 28 November 2022

American bias in a local music streaming market: curation push vs. preference pull

Marianne Lumeau (CREM, Université de Rennes I)

En salle 614 et en distanciel

American bias in a local music streaming market: curation push vs. preference pull

Monday 28 November 2022

Law, Institutions and Economics in Nanterre (LIEN)

Marianne Lumeau (CREM, Université de Rennes I)

ANNULE

American bias in a local music streaming market: curation push vs. preference pull

Tuesday 29 November 2022

Recherche et Economie et Socioéconomie Politique, des Institutions et des Régulations (RESPIR)

Adriano do Vale (Université de Poitiers) et Léo Malherbe (Université Université de Picardie Jules Verne)

Shedding light on a Blind Spot: New empirical evidence on the Accountability of the EuroSystem National Central Banks

Tuesday 29 November 2022

Shedding light on a Blind Spot: New empirical evidence on the Accountability of the EuroSystem National Central Banks

Adriano do Vale (Université de Poitiers) et Léo Malherbe (Université Université de Picardie Jules Verne)

Shedding light on a Blind Spot: New empirical evidence on the Accountability of the EuroSystem National Central Banks

Tuesday 29 November 2022

Optimal Fiscal Policy in a Climate-Economy Model with Heterogeneous Households

Thomas Douenne (Univ. Amsterdam), Albert Jan Hummel (Univ. Amsterdam), Marcelo Pedroni (Univ. Amsterdam)

Optimal Fiscal Policy in a Climate-Economy Model with Heterogeneous Households

Tuesday 29 November 2022

Series of Webinars on Economics of Environment, Energy and Transport (SWEEET)

Thomas Douenne (Univ. Amsterdam), Albert Jan Hummel (Univ. Amsterdam), Marcelo Pedroni (Univ. Amsterdam)

Optimal Fiscal Policy in a Climate-Economy Model with Heterogeneous Households

Thursday 1 December 2022

Doctorants

Nicolas de Roux

Capturing international influences in US monetary policy through a NLP approach

Thursday 1 December 2022

Capturing international influences in US monetary policy through a NLP approach

Nicolas de Roux

Capturing international influences in US monetary policy through a NLP approach

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