---
license: mit
widget:
- text: "The early effects of our policy tightening are also becoming visible, especially in sectors like manufacturing and construction that are more sensitive to interest rate changes."
---
CentralBankRoBERTa
A Fine-Tuned Large Language Model for Central Bank Communications
## CentralBankRoBERTa
CentralBankRoBERTA is a large language model. It combines an economic [agent classifier](Moritz-Pfeifer/CentralBankRoBERTa-audience-classifier) that distinguishes five basic macroeconomic agents with a binary sentiment classifier that identifies the emotional content of sentences in central bank communications.
#### Overview
The SentimentClassifier model is designed to detect whether a given sentence is positive or negative for either **households**, **firms**, **the financial sector** or **the government**. This model is based on the RoBERTa architecture and has been fine-tuned on a diverse and extensive dataset to provide accurate predictions.
#### Intended Use
The AudienceClassifier model is intended to be used for the analysis of central bank communications where sentiment analysis is essential.
#### Performance
- Accuracy: 88%
- F1 Score: 0.88
- Precision: 0.88
- Recall: 0.88
### Usage
You can use these models in your own applications by leveraging the Hugging Face Transformers library. Below is a Python code snippet demonstrating how to load and use the AudienceClassifier model:
```python
from transformers import pipeline
# Load the AudienceClassifier model
audience_classifier = pipeline("text-classification", model="Moritz-Pfeifer/CentralBankRoBERTa-sentiment-classifier")
# Perform audience classification
sentinement_result = audience_classifier("The early effects of our policy tightening are also becoming visible, especially in sectors like manufacturing and construction that are more sensitive to interest rate changes.")
print("Sentiment:", sentinement_result[0]['label'])
```
Please cite this model as Pfeifer, M. and Marohl, V.P. (2023) "CentralBankRoBERTa: A Fine-Tuned Large Language Model for Central Bank Communications" ADD SOURCE/LINK
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Moritz Pfeifer
Institute for Economic Policy, University of Leipzig
04109 Leipzig, Germany
pfeifer@wifa.uni-leipzig.de
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Vincent P. Marohl
Department of Mathematics, Columbia University
New York NY 10027, USA
vincent.marohl@columbia.edu
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