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2020-10Diskussionspapier DOI: 10.18452/22015
Sharks and minnows in a shoal of words: Measuring latent ideological positions of German economic research institutes based on text mining techniques
dc.contributor.authorDiaf, Sami
dc.contributor.authorDöpke, Jörg
dc.contributor.authorFritsche, Ulrich
dc.contributor.authorRockenbach, Ida
dc.date.accessioned2020-10-06T12:44:53Z
dc.date.available2020-10-06T12:44:53Z
dc.date.issued2020-10none
dc.identifier.urihttp://edoc.hu-berlin.de/18452/22698
dc.description.abstractUsing corpora of business cycle report sections dealing with monetary and fiscal policy issues from 1999 to 2017 and using methods of unsupervised text scaling (Slapin and Proksch, 2008; Lauderdale and Herzog, 2016), namely Wordfish and Wordshoal we scale the institutions’ theoretical/ideological position over debates. The results are in line with the findings from descriptive textual analysis. For monetary policy, we observe a strong but short-lived consensus in debate–specific positions at the height of the financial crisis in 2008 and a larger polarization after 2008 compared to the sample period before. For the fiscal policy textual corpus, the polarization was similarly high before and after the crisis. For both policy areas, the institutions DIW Berlin and IfW Kiel define the outer bounds of the observed spectrum of latent ideological positions.eng
dc.language.isoengnone
dc.publisherHumboldt-Universität zu Berlin
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectText Scaling Modeleng
dc.subjectWordfisheng
dc.subjectWordshoaleng
dc.subjectComputational Content Analysiseng
dc.subjectHierarchical Factor Modeleng
dc.subjectBayesian Estimationeng
dc.subjectPolitical Economyeng
dc.subjectIdeologyeng
dc.subjectPolarizationeng
dc.subjectPublic Policyeng
dc.subjectMonetary Policyeng
dc.subjectFiscal Policyeng
dc.subject.ddc330 Wirtschaftnone
dc.titleSharks and minnows in a shoal of words: Measuring latent ideological positions of German economic research institutes based on text mining techniquesnone
dc.typeworkingPaper
dc.identifier.urnurn:nbn:de:kobv:11-110-18452/22698-7
dc.identifier.doihttp://dx.doi.org/10.18452/22015
local.edoc.pages28none
local.edoc.type-nameDiskussionspapier
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
dc.description.versionNot Reviewednone
dc.identifier.eissn2510-053X
dc.identifier.zdb2916406-0
bua.series.nameWorking Papers of the Priority Programme 1859 – Experience and Expectation. Historical Foundations of Economic Behaviournone
bua.series.issuenumber24
bua.departmentPhilosophische Fakultätnone
bua.series.editorAlexander Nützenadel, Jochen Strebnone

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