Sentiment analysis of the economic report of the president

economics
R
Author

Mitsuo Shiota

Published

March 2, 2020

I tried sentiment analysis of the economic report of the president. I owe much to Len Kiefer, as I learned the techniques of sentiment analysis from his “Text Mining Fedspeak”, and the techniques to draw recession shaded areas from his “Plotting U.S. Macroeconomic Trends with FRED and R”.

The conclusion is not surprising. The sentiments of the presidents usually fall in or after the recession.