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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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