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Text Mining Methodologies with R: An Application to ...

Text Mining Methodologies with R: An Application to Central Bank Texts Jonathan Benchimol, Sophia Kazinnik and Yossi Saadon . February 24, 2022. Abstract We review several existing text analysis Methodologies and explain their formal Application processes using the open-source software R and relevant packages. Several text Mining applications to analyze central bank texts are presented. Keywords: Text Mining , R Programming, sentiment analysis , Topic Modelling, Natural Language Processing, Central Bank Communication, Bank of Israel. JEL Codes: B40, C82, C87, D83, E58. This paper does not necessarily reflect the views of the Bank of Israel, the Federal Reserve Bank of Richmond or the Federal Reserve System. The present paper serves as the technical appendix of our research paper (Benchimol et al.)

Keywords: Text Mining, R Programming, Sentiment Analysis, Topic Modelling, Natural Language Processing, Central Bank Communication, Bank of Israel. JEL Codes: B40, C82, C87, D83, E58. ... purpose of this paper is to offer an accessible tutorial to the quantitative approach. In general, quantitative text analysis is a field of research that ...

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