Browsing Working Papers of the Priority Programme 1859 – Experience and Expectation. Historical Foundations of Economic Behaviour by Subject "Language Modeling"

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2024-07Diskussionspapier

Inefficient forecast narratives: A BERT-based approach

Foltas, Alexander

I contribute to previous research on the efficient integration of forecasters’ narratives into business cycle forecasts. Using a Bidirectional Encoder Representations from Transformers (BERT) model, I quantify 19,300 ...