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    Published on Monday, April 16, 2018 | Updated on Sunday, May 13, 2018

    Big Data techniques used

    European Central Bank's monetary policy tone index

    Summary

    This Economic Watch introduces the European Central Bank's (ECB) Monetary Policy Tone index developed from ECB documents, using text mining and Natural Language Processing (NLP) techniques. This analysis allows us to objectively identify and track the relevant thehmes within the ECB’s monetary policy discourse.

    Geographies

    Authors

    Sonsoles Castillo BBVA Research - Chief Economist for Financial and Economic Analysis
    Joaquín Iglesias
    María Martínez BBVA Research - Principal Economist
    Alvaro Ortiz BBVA Research - Head of Analysis with Big Data
    Tomasa Rodrigo BBVA Research - Lead Economist
    Antonio Vegas
    Cristina Varela BBVA Research - Principal Economist

    Documents and files


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    Report (PDF)

    ECBs-Monetary-Policy-Tone-index

    English - April 16, 2018

    Report (PDF)

    Indice-del-Tono-de-la-Politica-Monetaria-del-Banco-Central-Europeo

    Spanish - April 16, 2018

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