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Who are the forerunners, economists or central bankers?

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  • Ginafranco Tusset

    (University of Padova)

Abstract

Is it possible to tell whether central banks’ choices are grounded on monetary theories or whether the theories derive from what central bankers have already experimented? This study delves into this issue by adopting an approach that is novel for at least two reasons. First, it involves a lexical comparison between the textual content used by central banks and in economic articles. Second, this comparison is drawn using quantitative tools. In short, the variables measured here are words and segments of text that were submitted to a statistical analysis to identify trends and behaviors in central bankers and economists that would otherwise not be immediately apparent.

Suggested Citation

  • Ginafranco Tusset, 2016. "Who are the forerunners, economists or central bankers?," "Marco Fanno" Working Papers 0207, Dipartimento di Scienze Economiche "Marco Fanno".
    • Handle: RePEc:pad:wpaper:0207
    as

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    File URL: https://economia.unipd.it/sites/economia.unipd.it/files/20160207.pdf
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    References listed on IDEAS

    as
    1. Colander,David (ed.), 2006. "Post Walrasian Macroeconomics," Cambridge Books, Cambridge University Press, number 9780521865487.
    2. Colander,David (ed.), 2006. "Post Walrasian Macroeconomics," Cambridge Books, Cambridge University Press, number 9780521684200.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Monetary forerunners; Central bankers’ speeches; Monetary approaches; Quantitative history of economic thought.;
    All these keywords.

    JEL classification:

    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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