A recently emerging literature demonstrates that reputational concerns explain why
regulatory agencies strategically communicate and engage with their manifold audience …

In this paper, we employ a keyword-assisted topic model to quantify the extent of climate-
related communication of central banks. We find evidence for a significant increase in …

This paper applies natural language processing to a large corpus of central bank speeches
to identify those related to climate change. We analyze these speeches to better understand …

We offer a theory of financial contagion based on the information choice of investors after
observing a financial crisis elsewhere. We study global coordination games of regime …

We construct a sentiment-based index of global financial stress (s-GFS index) for the period
January 2004-December 2020. It builds on a novel methodological approach, which …

We propose a novel Central Bankers' Sentiment Index (CBSI) to measure the global
financial cycle (GFC) using text analysis on 6,514 central bankers' speeches. We find that …

This paper studies the content of central bank speech communication from 1997 through
2020 and asks the following questions:(i) What global topics do central banks talk about?(ii) …

This paper investigates the responsiveness of US equity sectors to the sentiments conveyed
by the speeches of the governors of the US Federal Reserve (the Fed). Using principal …

We analyze the economic impact of central banks sensed by business executives in a
sample of 61 countries from 1998 to 2016. Based on a survey conducted by the Institute for …

Around the world, several countries have adopted inflation targeting as their monetary policy
framework. These institutions set their target interest rates in monetary policy meetings. The …