Session: New methods and advanced analytics at the Bank of England

Time: Tuesday 3rd July, 15:45 - 17:15

Convenor:

Dr Andreas Joseph (Bank of England)

Abstract Details

This session provides an overview of recent methodological developments at the Bank of England in its effort to promote the publick Good. Three projects are presented: First, techniques from the machine learning toolbox are used for tasks like economic projections and banking supervision. Second, computational linguistics is applied to analyse how the Bank of England’s Prudential Regulation Authority (PRA) writes to the banks and building societies it supervises. Third, the effectiveness of the Bank of England’s communication is measured by using an online experiment.

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Presenter: Andreas Joseph

New methods and advanced analytics at the Bank of England

The level of the session is: Accessible

Presentation details

Presentation 1

Start time: 15:45

Presentation title: Machine learning in a central banking context

Presenter:

Dr Andreas Joseph (Bank of England)

Presentation 2

Start time: 16:15

Presentation title: Sending firm messages: text mining letters from PRA supervisors to banks and building societies they regulate

Presenter:

Dr James Brookes (Bank of England)

Presentation 3

Start time: 16:45

Presentation title: An online experiment to evaluate the Bank’s communication

Presenter:

Dr Eryk Walczak (Bank of England)