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Reading between the Lines: Using Text Analysis to Estimate the Loss Function of the ECB

Bank of Finland Research Discussion Paper No. 12/2020
Number of pages: 48 Posted: 14 Jan 2021 Last Revised: 18 Nov 2021
Maritta Paloviita, Markus Haavio, Pirkka Jalasjoki, Juha Kilponen and ilona vänni
Bank of Finland - Research, Bank of Finland - Research, Bank of Finland - Research, Bank of Finland - Research and Bank of Finland
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Abstract:

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central bank communication, ECB, monetary policy, textual analysis, inflation target, real time projections, loss function