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Analysis of Monetary Policy Decisions of the National Bank of Romania with Text Mining Techniques

Publikace

Tento text není v aktuálním jazyce dostupný. Zobrazuje se verze "en".Abstrakt

This paper uses text mining techniques in order to carry out an analysis of the monetary policy decisions of the National Bank of Romania (NBR). The analysis highlights the main topics of debate of the NBR Board that revolve around inflation, reference rates for monetary policy, rising consumption and the current account deficit and the need to keep current monetary policy rates constant in the regional economic context that characterized the year 2019 and the massive shift in the beginning of 2020 with the start of the coronavirus outbreak.