Python replication of

"Identifying Monetary Policy Shocks: A Natural Language Approach" paper: https://econweb.umd.edu/~drechsel/pap...
Google Colab: https://colab.research.google.com/dri...
FOMC zip file: https://www.google.com/url?q=https%3A...
Loughran-McDonald Dictionary file: https://www.google.com/url?q=https%3A...
Loughran-McDonald website: https://sraf.nd.edu/loughranmcdonald-...

00:00 Introduction
00:29 Directions
00:55 Paper
01:45 Brief summary
02:40 Import
03:46 Mount Google Drive
04:22 Extract from zip
04:56 Global constants
06:22 Include/exclude
08:12 Functions
08:27 load_lm_master_dictionary
09:13 find_ngram_sentiments_master
10:35 apply_inclusion_exclusion
11:17 Main Execution
12:50 cleaning text
13:54 df_all
16:29 pivot_df
19:27 Plot
21:27 Plot your own concepts

#nlp #python #pythonprogramming #colab #fomc #machinelearning #monetarypolicy