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How do the EM Central Bank talk? A Big Data approach to the Central Bank of Turkey

Published on Monday, December 4, 2017 | Updated on Sunday, May 13, 2018

How do the EM Central Bank talk? A Big Data approach to the Central Bank of Turkey

We apply the natural language processing or computational linguistics (NLP) to the analysis of the communication policy (i.e statements and minutes) of the Central Bank of Turkey (CBRT). While previous literature has focused on Developed countries, we extend the NLP analysis to the Central Banks of the Emerging Markets using the Dynamic Topic Modelling approach.

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