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DTSTART:20260610T123000
DTEND:20260610T134500
DTSTAMP:20260513T080200
SUMMARY:Joint ESM-UNILU Seminar with Frank Smets (Bank for International Settlements)
DESCRIPTION:"Parsing the pulse: Decomposing macroeconomic sentiment with LLMS”\n\nAbstract\n\nMacroeconomic indicators provide quantitative signals that must be pieced to gether and interpreted by economists. We propose a reversed approach of parsing press narratives directly using Large Language Models (LLM) to recover growth and inflation sentiment indices. A key advantage of this LLM-based approach is the ability to decompose aggregate sentiment into its drivers, readily enabling an interpretation of macroeconomic dynamics. Our sentiment indices track hard-data counterparts closely, providing an accurate, near real-time picture of the macroe conomy. Their components–demand, supply, and deeper structural forces–are in tuitive and consistent with prior model-based studies. Incorporating sentiment indices improves the forecasting performance of simple statistical models, pointing to information unspanned by traditional data\n\nAbout the speaker\n\nFrank Smets is Acting Head of the Monetary and Economic Department and Head of Economic Analysis and Statistics. He is a member of the Bank's senior management team.\n\nLanguage\n\nEnglish.\n\nThis is a free seminar. Registration is mandatory.\n\nCold lunches are provided to registered participants.\n\nIn partnership with\n\nThis is a joint event held with the European Stability Mechanism and the Department of Finance of the University of Luxembourg.\n\nLocation: https://www.uni.lu/en/about/campuses/kirchberg-campus/\nRead more: https://www.uni.lu/fdef-en/events/joint-esm-unilu-seminar-with-frank-smets-bank-for-international-settlements/
UID:UL-24991
LOCATION:Kirchberg Campus 6 - rue Richard Couden­­­hove-Kalergi 1359 Luxembourg Luxembourg
URL:https://www.uni.lu/fdef-en/events/joint-esm-unilu-seminar-with-frank-smets-bank-for-international-settlements/
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