A Diachronic Corpus-assisted Discourse Study of the Linguistic Features of Fed Communication and its Impact on Market AudiencesPresident Woodrow Wilso

美联储沟通的语言特征及其对市场受众影响的历时语料库辅助话语研究伍德罗·威尔逊总统

• 批准号: 2700621
• 金额: --
• 依托单位: Lancaster University
• 依托单位国家: 英国
• 项目类别: Studentship
• 财政年份: 2022
• 资助国家: 英国
• 起止时间: 2022 至 无数据
• 项目状态: 未结题
• 来源: https://gtr.ukri.org/projects?ref=studentship-2700621
• 关键词: Diachronic; Corpus; assisted; Discourse; Study

President Woodrow Wilson founded the American Federal Reserve System ("the Fed") in 1913 toprovide America with a stable and long-lasting monetary system, and since that time interactionbetween the agency and the public has evolved greatly (Yang & Li, 2022). The Federal Open MarketCommittee ("FOMC"), one of the branches of the Fed, currently determines the direction ofmonetary policy by convening eight regular meetings annually. These meetings generally reveal howthe Fed will restrict or relax monetary supply, with a subsequent impact on interest rates. FOMCstatements also provide an essential perspective on future developments in monetary policy. Thus,market investors closely monitor FOMC policy announcements not only to determine changes ininterest rates but also to study and interpret FOMC statements (Tsai, 2014).Since Fed communication has a substantial impact on market reactions and the course of economicevents (Resche, 2004), studying the mechanisms of these statements is valuable. Understanding Fedcommunication helps reveal the ways in which the Fed manipulates public perception and assistsinvestors in making wise decisions (Yang & Li, 2022). However, studies of Fed communication areunderrepresented in linguistic research. This study contributes to furthering the understanding ofFed communication and filling a crucial research gap in understanding the impact of the Fed onmarket conditions. Moreover, it investigates a genre which is undoubtedly of critical importance tofinance and the global economy, raising issues of importance to a wide audience both withinacademia and the business world. As both researchers and the Fed view communication as pivotalin the deliberation and implementation of monetary policies, it is worthwhile to investigate Fedcommunication and "how" and "to what extent" it affects the market.

伍德罗·威尔逊总统于1913年创立了美国联邦储备系统（“美联储”），为美国提供了一个稳定而持久的货币体系，自那时以来，该机构与公众之间的互动发生了很大的变化（Yang & Li，2022）。联邦公开市场委员会（“FOMC”）是美联储的分支机构之一，目前每年召开八次例会来确定货币政策方向。这些会议通常会揭示美联储将如何限制或放松货币供应，以及随后对利率的影响。FOMC声明还为货币政策的未来发展提供了一个重要视角。因此，市场投资者密切关注FOMC的政策公告，不仅要确定利率的变化，而且要研究和解释FOMC的声明（Tsai，2014）。由于美联储的沟通对市场反应和经济事件的进程有着重大影响（Resche，2004），因此研究这些声明的机制是有价值的。了解美联储的沟通有助于揭示美联储操纵公众看法的方式，并帮助投资者做出明智的决策（Yang & Li，2022）。然而，在语言学研究中，对美联储通信的研究却很少。本研究有助于进一步理解美联储的沟通，并填补了一个重要的研究空白，了解美联储对市场条件的影响。此外，它调查了一个流派，这无疑是至关重要的金融和全球经济，提出了重要的问题，以广泛的观众都在学术界和商业世界。由于研究人员和美联储都认为沟通在货币政策的审议和实施中是不可或缺的，因此值得研究美联储的沟通以及它“如何”和“在多大程度上”影响市场。