Corpus ID: 52824335

Central Bank Communication and the Yield Curve: A Semi-Automatic Approach using Non-Negative Matrix Factorization

@article{Crayton2018CentralBC,
  title={Central Bank Communication and the Yield Curve: A Semi-Automatic Approach using Non-Negative Matrix Factorization},
  author={Ancil Crayton},
  journal={ArXiv},
  year={2018},
  volume={abs/1809.08718}
}
Communication is now a standard tool in the central bank's monetary policy toolkit. Theoretically, communication provides the central bank an opportunity to guide public expectations, and it has been shown empirically that central bank communication can lead to financial market fluctuations. However, there has been little research into which dimensions or topics of information are most important in causing these fluctuations. We develop a semi-automatic methodology that summarizes the FOMC… Expand
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