This page contains data from the paper A New Measure of Central Bank Transparency and Implications for the Effectiveness of Monetary Policy (which is the appropriate reference for these data).
Please feel free to ask questions, let me know of any mistakes, and request an update if a new year of FOMC data are available.
Transparency Indexes
date
is the date of the FOMC meetingsequence
this orders each speaker utterance within the meetingname
is the last name of the speakern_utterance
which utterance by the current speaker within the meeting (e.g. the tenth time Greenspan spoke is 10)section
in which section of the meeting was the current utternance a part of (either ECSIT
for the discussion of the economic situation, MPS
for a discussion of monetary policy, or AGGREGATES
for biannual discussions of the monetary aggregates. See the paper for details. Note: In the paper I used these values from Hansen, McMahon, and Prat, but I did this starting in 1995 myself in this file. text
the text of the utterance date
is the date of the FOMC meetingsequence
this sorts the paragraphs within each set of minutes doctype
is either ROPA
when I use the Record of Policy Actions, or MINUTES
when I used the minutes (not the "historical minutes"). See the paper for details. section
indicates which part of the meeting the paragraph is summarizing. For the discussion of the economic situation, I combine STAFF_ECSIT,STAFF_FINSIT,STAFF_OUTLOOK,FOMC_ECON
. For the policy discussion, I use FOMC_POLICY
.
text
the text of the pargraph