ECB Perception of Non-Banks: A Machine Learning-Based Approach
The authors construct an index tracking the European Central Bank's perception of non-bank financial intermediaries using 2,830 speeches delivered between July 1998 and June 2024.
Banque de France
Central bank · FR · 3 documents
Key number
54 percent
Non-Chair optimal attention share based on FOMC transcript influence. Banque de France p.2
Authority, Attention, and the Origins of Monetary Policy Surprises
A speech by the Chair or Vice Chair draws about 65 distinct Reuters articles, whereas a speech by another Board governor draws about 10.
From Income to Wealth Inequality: Trickle-Down vs. Capital Gains
By 2020, general-equilibrium price changes caused by rising U.S. earnings inequality alone raised the average wealth of the top 0.1% by 25%.