Text mining the 2020 Fed Beige Book

Let’s update our earlier analysis to examine the Federal Reserve’s Beige Book. Following my earlier post, we can construct a sentiment measure for each report. It turns out that after turning sharply negative in spring, the October 2020 report returned to positive territory. The sentiment index looks at all words and after adjusting for economics terms (like gross) we score them for sentiment. We could just count up the number of times we see words like “stong” vs words like “weak”.

Killing it while shilling it

Economist Play-in Round Bracket madness is about the descend on us. Before we get to March Madness we’ll have to suffer through a different kind of madness: the Neoliberal Shill Bracket. This year the Neoliberal project has succumbed to inflation and has expanded the field. This year features a play-in round. In this post we analyze the Economist Play-in: Economist Play-in (8) ---@mioana @imbernomics @stanveuger @jodiecongirl @cblatts @jonathaneyer @R_Thaler @florianederer pic.

EPOP becomes Fedspeak

If I cannot send Adam Ozimek (at Modeled Behavior ) a Diet Pepsi, then the next best thing might be a chart about epop. epop is the term economists use to describe the employment-to-population ratio, a useful summary statistic about the labor market. Perhaps the summary statistic. Adam (and others) has been talking about epop as a key labor market statistic for years. It seems the Federal Reserve is catching on to the usage of the term epop (though many economists over there have been looking at the statistic for a long while too).