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ChatGPT In Monetary Economics?

I discovered 2 new analysis papers that discover Language Fashions in Monetary Economics.

* The primary one [Hansen et al] exhibits that LLMs like ChatGPT can decode **Fedspeak** higher than people monetary specialists and BERT-based fashions.
* The second [Lopez-Lira et al] makes use of ChatGPT to formulate buying and selling methods primarily based on sentiment evaluation.

I’m not an economics professional, however I feel each of them have some limitations. For instance, the second doesn’t think about buying and selling prices. What do you suppose?

I talk about them [here](

Comments ( 2 )

  1. There’s buckets of limitations

  2. LLM’s are not good at producing stocks. Which is to be expected because they aren’t setup for that.

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