Can ChatGPT Decipher Fedspeak?
Hansen, Anne Lundgaard and Kazinnik, Sophia, Can ChatGPT Decipher Fedspeak? (March 24, 2023). Available at SSRN: https://ssrn.com/abstract=4399406 or http://dx.doi.org/10.2139/ssrn.4399406 – Yes! This paper investigates the ability of Generative Pre-training Transformer (GPT) models to decipher Fedspeak, a term used to describe the technical language used by the Federal Reserve to communicate on monetary policy decisions. We …