LLM-classified comments from Japan's Economy Watchers Survey yield price sentiment indices whose correlations with official CPI, CGPI, and SPPI are modestly higher than the previous word-based benchmark.
Estimation of firms’ inflation expectations using the survey DI,
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Refined and Segmented Price Sentiment Indices from Survey Comments
LLM-classified comments from Japan's Economy Watchers Survey yield price sentiment indices whose correlations with official CPI, CGPI, and SPPI are modestly higher than the previous word-based benchmark.