联邦公开市场委员会的透明度和审议:计算语言学方法

LSE Research Online Documents on Economics Pub Date : 2014-05-01 DOI:10.1093/qje/qjx045

Stephen Hansen, Michael McMahon, A. Prat

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引用次数: 443

摘要

透明度是央行设计的一个关键特征，它如何影响货币政策制定者的考虑?我们利用1993年联邦公开市场委员会的一个自然实验，结合计算语言模型(特别是潜在狄利克雷分配)来衡量增加透明度对辩论的影响。评论家们假设两者都是有益的纪律效应

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Transparency and deliberation within the FOMC: a computational linguistics approach

How does transparency, a key feature of central bank design, aect the deliberation of monetary policymakers? We exploit a natural experiment in the Federal Open Market Committee in 1993 together with computational linguistic models (particularly Latent Dirichlet Allocation) to measure the eect of increased transparency on debate. Commentators have hypothesized both a benecial discipline eect

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LSE Research Online Documents on Economics

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