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The legend that is Andrew Boak at Goldman today deconstructs the screech of Bullockhawk.
The 2023 Review of the Reserve Bank of Australia (RBA) placed a renewed emphasis on improving how the Bank communicates its policy strategy and decisions.
In this note, we employ several natural language processing (NLP) methodologies – specifically dictionary-based parsing, an encoder-only language model, and a modern Large Language Model (LLM) – to construct hawkish-dovish tone indices.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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