Who are the forerunners, economists or central bankers?

Gianfranco Tusset ()
Additional contact information
Gianfranco Tusset: University of Padova

No 207, "Marco Fanno" Working Papers from Dipartimento di Scienze Economiche "Marco Fanno"

Abstract: Is it possible to tell whether central banks’ choices are grounded on monetary theories or whether the theories derive from what central bankers have already experimented? This study delves into this issue by adopting an approach that is novel for at least two reasons. First, it involves a lexical comparison between the textual content used by central banks and in economic articles. Second, this comparison is drawn using quantitative tools. In short, the variables measured here are words and segments of text that were submitted to a statistical analysis to identify trends and behaviors in central bankers and economists that would otherwise not be immediately apparent.

Keywords: Monetary forerunners; Central bankers’ speeches; Monetary approaches; Quantitative history of economic thought. (search for similar items in EconPapers)
JEL-codes: B23 B59 E58 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2016-09
New Economics Papers: this item is included in nep-cba, nep-hme, nep-hpe, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://economia.unipd.it/sites/economia.unipd.it/files/20160207.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pad:wpaper:0207

Access Statistics for this paper

More papers in "Marco Fanno" Working Papers from Dipartimento di Scienze Economiche "Marco Fanno" Contact information at EDIRC.
Bibliographic data for series maintained by Raffaele Dei Campielisi ().