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SUMMARY:Economic uncertainty over the long run: a natural language process
 ing approach. - Dr Walter Jansson\, Bank of England
DTSTART:20190311T170000Z
DTEND:20190311T183000Z
UID:TALK116515@talks.cam.ac.uk
CONTACT:Dr Duncan Needham
DESCRIPTION:The recent financial crisis\, changes in the stance of US trad
 e policy and the events surrounding Brexit negotiations have brought the i
 mpact of economic uncertainty to the forefront of macroeconomic research. 
  This project applies natural language processing (NLP) methods to over 15
 0 years of text from major UK newspapers to quantify changes in the degree
  of economic uncertainty over time.  The resulting indicator is used to ex
 amine econometrically the impact of uncertainty on economic and financial 
 conditions in the UK over the long run.  The results show that heightened 
 economic uncertainty increases financial constraints while reducing invest
 ment and GDP.
LOCATION:Darwin College (Seminar Room\, No. 1 Newnham Terrace - entrance v
 ia Porters Lodge on Silver St)
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