A Century of Inflation Narratives | Hoover Institution
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A Century of Inflation Narratives | Hoover Institution
We study the evolution of U.S. inflation narratives in American newspapers since 1923. An inflation narrative is an explanation of the causes and/or effects of inflation. Using natural language processing to analyze 4.2 million sentences, we document significant shifts in narrative prevalence across economic eras. We find sharp regional ...
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