Macro Paper Warehouse

Warehouse / Authors

Dongho Song

Professor of Finance · Johns Hopkins University (Carey Business School)

Professor of Finance at Johns Hopkins Carey Business School, working on finance and macroeconomics including monetary policy communication and geopolitical fragmentation. Ph.D. in economics from the University of Pennsylvania (2014).

1 paper tracked ⌁ Follow this author
Showing 1 paper
Published American Economic Journal: Macroeconomics Published Jul 2026
Deciphering Federal Reserve Communication via Text Analysis of Alternative FOMC Statements

Taeyoung Doh · Dongho Song · Shu-Kuei Yang

This paper proposes a text-based measure of monetary policy stance by modelling FOMC post-meeting statements as convex combinations of the staff-drafted dovish ("alternative A") and hawkish …

Central Bank Communication Monetary Policy Shocks Text Analysis High Frequency Identification Free Read ↗