Peter Winker
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View article: Disagreement About Fiscal Policy
Disagreement About Fiscal Policy Open
Politicians disagree about fiscal policy. This disagreement should have economic effects beyond the effects of government spending and taxation. We use the full set of speeches in the German Bundestag since 1960 and apply state‐of‐the art …
View article: Annual Reviewer Acknowledgement
Annual Reviewer Acknowledgement Open
View article: How survey results are reported in the media: A framework on selection mechanisms and a pilot study on reporting practice
How survey results are reported in the media: A framework on selection mechanisms and a pilot study on reporting practice Open
Survey results are frequently reported in the media without sufficient background information to assess their methodological quality. This gap may arise from various factors, including a lack of statistical literacy among those involved in…
View article: Debating the Bundeswehr
Debating the Bundeswehr Open
We use Natural Language Processing methods to analyze the part of the debates in the Bundestag, the German parliament, about the German military (Bundeswehr). Estimated local projections show that an increase in Bundeswehr‐related fiscal s…
View article: Analysing the Impact of Removing Infrequent Terms on Topic Quality in Latent Dirichlet Allocation Models
Analysing the Impact of Removing Infrequent Terms on Topic Quality in Latent Dirichlet Allocation Models Open
An initial procedure in text-as-data applications is text preprocessing. One of the typical steps, which can substantially facilitate computations, consists in removing infrequent terms believed to provide limited information about the cor…
View article: Identification of innovation drivers based on technology-related news articles
Identification of innovation drivers based on technology-related news articles Open
View article: Disagreement about Fiscal Policy *
Disagreement about Fiscal Policy * Open
View article: Debating the Bundeswehr
Debating the Bundeswehr Open
View article: Annual Reviewer Acknowledgement
Annual Reviewer Acknowledgement Open
View article: Fiscal policy in the Bundestag: Textual analysis and macroeconomic effects
Fiscal policy in the Bundestag: Textual analysis and macroeconomic effects Open
Fiscal policy is made in parliaments. We go to the roots of changes of fiscal policy in Germany and use a novel data set on all parliamentary speeches in the Bundestag from 1960 to 2021. We propose an embedding-based approach, which allows…
View article: Comparing Links between Topic Trends and Economic Indicators in the German and Polish Academic Literature
Comparing Links between Topic Trends and Economic Indicators in the German and Polish Academic Literature Open
The popularity of econometric analyses that include variables obtained from text mining is growing rapidly. A frequently applied approach is to identify topics from large corpora, which makes it possible to determine trends that reflect th…
View article: Calculating Joint Confidence Bands for Impulse Response Functions using Highest Density Regions
Calculating Joint Confidence Bands for Impulse Response Functions using Highest Density Regions Open
This paper proposes a new non-parametric method of constructing joint confidence bands for impulse response functions of vector autoregressive models.The estimation uncertainty is captured by means of bootstrapping and the highest density …
View article: Forward or Backward Looking? The Economic Discourse and the Observed Reality
Forward or Backward Looking? The Economic Discourse and the Observed Reality Open
Is academic research anticipating economic shake-ups or merely reflecting the past? Exploiting the corpus of articles published in the Journal of Economics and Statistics (Jahrbücher für Nationalökonomie und Statistik) for the years 1949 t…
View article: Measuring the Diffusion of Innovations with Paragraph Vector Topic Models
Measuring the Diffusion of Innovations with Paragraph Vector Topic Models Open
Measuring the diffusion of innovations from textual data sources besides patent data has not been studied extensively. However, early and accurate indicators of innovation and the recognition of trends in innovation are mandatory to succes…
View article: Skewness-Adjusted Bootstrap Confidence Intervals and Confidence Bands for Impulse Response Functions
Skewness-Adjusted Bootstrap Confidence Intervals and Confidence Bands for Impulse Response Functions Open
This article investigates the construction of skewness-adjusted con�dence intervals and joint confidence bands for impulse response functions from vector autoregressive models. Three different implementations of the skewness adjustment are…
View article: Complexity and Model Comparison in Agent Based Modeling of Financial Markets
Complexity and Model Comparison in Agent Based Modeling of Financial Markets Open
Agent based models of financial markets follow different approaches and might be categorized according to major building blocks used. Such building blocks include agent design, agent evolution, and the price finding mechanism. The performa…
View article: Evaluating FOMC forecast ranges: an interval data approach
Evaluating FOMC forecast ranges: an interval data approach Open
The Federal Open Market Committee (FOMC) of the U.S. Federal Reserve publishes the range of members’ forecasts for key macroeconomic variables, but not the distribution of forecasts within this range. To evaluate these projections, previou…
View article: Forecasting Russian Foreign Trade Comparative Advantages in the Context of a Potential WTO Accession
Forecasting Russian Foreign Trade Comparative Advantages in the Context of a Potential WTO Accession Open
This paper proposes a new approach of forecasting \prospective" comparative advantages based on relative prices differences between countries in the context of economic liberalization. An empirical analysis based on the example of Central …
View article: Analysing the Impact of Removing Infrequent Words on Topic Quality in LDA Models
Analysing the Impact of Removing Infrequent Words on Topic Quality in LDA Models Open
An initial procedure in text-as-data applications is text preprocessing. One of the typical steps, which can substantially facilitate computations, consists in removing infrequent words believed to provide limited information about the cor…
View article: Annual Reviewer Acknowledgement
Annual Reviewer Acknowledgement Open
View article: Frontmatter
Frontmatter Open
View article: Frontmatter
Frontmatter Open
View article: Editorial Announcement
Editorial Announcement Open
View article: Frontmatter
Frontmatter Open
View article: Visualizing Topic Uncertainty in Topic Modelling
Visualizing Topic Uncertainty in Topic Modelling Open
Word clouds became a standard tool for presenting results of natural language processing methods such as topic modelling. They exhibit most important words, where word size is often chosen proportional to the relevance of words within a to…
View article: Frontmatter
Frontmatter Open
View article: Editorial Announcement
Editorial Announcement Open
View article: Comment to “Bielefeld May In Fact Not Exist – Empirical Evidence From Official Population Data” (DOI https://doi.org/10.1515/jbnst-2022-0038) by Patrick Winter
Comment to “Bielefeld May In Fact Not Exist – Empirical Evidence From Official Population Data” (DOI https://doi.org/10.1515/jbnst-2022-0038) by Patrick Winter Open
At first sight, the paper uses a classical approach from empirical economic research.It starts with a theory based null hypothesis, which is the complement of what should be demonstrated and which is challenged by the data.Given that this …
View article: Fiscal Policy in the Bundestag: Textual Analysis and Macroeconomic Effects
Fiscal Policy in the Bundestag: Textual Analysis and Macroeconomic Effects Open
View article: Choosing the Number of Topics in LDA Models -- A Monte Carlo Comparison of Selection Criteria
Choosing the Number of Topics in LDA Models -- A Monte Carlo Comparison of Selection Criteria Open
Selecting the number of topics in LDA models is considered to be a difficult task, for which alternative approaches have been proposed. The performance of the recently developed singular Bayesian information criterion (sBIC) is evaluated a…