--- 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
Moritz Pfeifer
Institute for Economic Policy, University of Leipzig
04109 Leipzig, Germany
pfeifer@wifa.uni-leipzig.de
Vincent P. Marohl
Department of Mathematics, Columbia University
New York NY 10027, USA
vincent.marohl@columbia.edu