Assessing Monetary Policy Globally: Evidence from LLMs and Semi-structural Models

Diego Vilán and WanTing Xu
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Diego Vilán: https://www.federalreserve.gov/econres/diego-vilan.htm
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No 2026-10-09-3, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Over the past decades, central bank communication has become an increasingly important component of modern monetary policy frameworks. Policy rates, asset purchases, and balance-sheet tools remain central to the transmission of monetary policy, but speeches, press conferences, forward guidance, and other forms of public communication have all played a direct role in shaping expectations about the future path of policy.

Date: 2026-10-09
New Economics Papers: this item is included in nep-cba and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:103907

DOI: 10.17016/2380-7172.4175

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