论文标题
FOMC陈述比较大萧条和COVID-19大流行的关注分析
A Concern Analysis of FOMC Statements Comparing The Great Recession and The COVID-19 Pandemic
论文作者
论文摘要
比较和对比重大经济危机是为了面对新颖和未知的案例，例如19 Covid-19大流行，这一点很重要。 2006年的巨大衰退和2019年的大流行在失业率，消费支出和美联储设定的利率方面有很多分享。除了定量的历史数据外，还要比较这两次危机时期的美联储报表的内容，并找出美联储是否关心类似问题，或者还有其他一些问题要求单独且独特的货币政策。本文进行了一项分析，以探讨美联储在2005年至2020年期间的陈述中所表达的问题。关注分析是使用自然语言处理（NLP）算法进行的，还提供了关注的趋势分析。我们观察到，在大萧条期间发表的美联储声明与2019年Covid-19大流行期的美联储声明之间存在一些相似之处。
It is important and informative to compare and contrast major economic crises in order to confront novel and unknown cases such as the COVID-19 pandemic. The 2006 Great Recession and then the 2019 pandemic have a lot to share in terms of unemployment rate, consumption expenditures, and interest rates set by Federal Reserve. In addition to quantitative historical data, it is also interesting to compare the contents of Federal Reserve statements for the period of these two crises and find out whether Federal Reserve cares about similar concerns or there are some other issues that demand separate and unique monetary policies. This paper conducts an analysis to explore the Federal Reserve concerns as expressed in their statements for the period of 2005 to 2020. The concern analysis is performed using natural language processing (NLP) algorithms and a trend analysis of concern is also presented. We observe that there are some similarities between the Federal Reserve statements issued during the Great Recession with those issued for the 2019 COVID-19 pandemic.
