Arbeitspapier
Role of the media in the inflation expectation formation process
This research highlights the role played by the media in the inflation expectations formation process of different types of respondents in Ukraine. Using a large news corpus and machine learning techniques I constructed news-based measures transforming text into quantitative indicators, which reflect news topics relevant to inflation expectations. As such, I found evidence that the different news topics have an impact on inflation expectations and can explain part of their variance. Thus, my results can help understand inflation expectations, especially as anchoring inflation expectations remains a key challenge for central banks.
- Sprache
-
Englisch
- Erschienen in
-
Series: Graduate Institute of International and Development Studies Working Paper ; No. HEIDWP13-2021
- Klassifikation
-
Wirtschaft
Large Data Sets: Modeling and Analysis
Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
Expectations; Speculations
Price Level; Inflation; Deflation
Central Banks and Their Policies
- Thema
-
inflation expectations
natural language processing
textual data
machine learning
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Yukhymenko, Tetiana
- Ereignis
-
Veröffentlichung
- (wer)
-
Graduate Institute of International and Development Studies
- (wo)
-
Geneva
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Yukhymenko, Tetiana
- Graduate Institute of International and Development Studies
Entstanden
- 2021
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