Text Mining for Central Banks
25 Pages Posted: 2 Jul 2015
Date Written: June 29, 2015
Although often applied in other social sciences, text mining has been less frequently used in economics and in policy circles, particularly inside central banks. This Handbook is a brief introduction to the field, discussing how text mining is useful for addressing research topics of interest to central banks, and providing a step-by-step primer on how to mine text, including an overview of unsupervised and supervised techniques.
Keywords: Text mining, natural language processing, central banking, Bank of England
JEL Classification: B40, C88, E50
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