My recent research note with Carola Binder on the difficulties of using standard, off the shelf Large Language Models (LLM) and labeled data to study emotion in central bank communications is now out at the National Institute Economic Review. Our key insight is that central bank communication is both lexically and subjectively difficult for people to understand.
News
Publication Alert
My paper with Dominik Duell and Will Lowe on ECB communication and support for the EU is forthcoming at the Journal of Political Institutions and Political Economy. This journal is becoming one of my favourite journals to read so I am so excited that this paper finally landed here. We show that while people are persuaded by central bank news and update their beliefs accordingly, how much they do so depends on their support for the European project and the ECB.
Senior Visiting Fellow: LSE Data Science Institute
Happy to announce that I am now a senior visiting fellow at the LSE’s Data Science Institute. Whilst here, I will be working on a project related to bank branch closures in the UK and their effects on Political and Economic perceptions and behaviours.
Paper at European Journal of Political Economy
Paper at EJPE, coauthored with Colin Krainin, examines the relationship between Monetary Policy Committee (MPC) design and policy communications.
[Read More about Paper at European Journal of Political Economy ]The Stability and Growth Pact after the European Semester
New paper (with Mark Hallerberg) published at JCMS. We examine the determinants of the Council of Ministers’s editing of the European Commission recommendations to Member States after the introduction of the European Semester in the period 2011–18. Unlike previous work, we find little evidence of a systematic relationship between euroscepticism and textual editing.
EITM Europe 2021 Text As Data: Theory and Application
The program provides an introduction to the most recent developments in quantitative textual analysis and with a particular focus on linking applications with theory. Free participation, subject to conditions, 14 June to 25 June 2021 on an online platform. See the program here