Natural Language Processing

The NLP importance in business and economics as a key source of information to enrich business and economic analysis. US corporate quarterly and annual reports provide a comprehensive overview on a company's activities and financial performance throughout the year and future plans.

We apply the natural language processing or computational linguistics (NLP) to the analysis of the communication policy (i.e statements and minutes) of the Central Bank of Turkey (CBRT). While previous literature has focused on Developed countries, we extend the NLP analysis to the Central Banks of the Emerging Markets using the Dynamic Topic Modelling approach.