How Have IMF Priorities Evolved? A Text Mining Approach

By Gareth Anderson, Paolo Galang, Andrea Gamba, Leandro Medina, Tianxiao Zheng

June 4, 2021

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Gareth Anderson, Paolo Galang, Andrea Gamba, Leandro Medina, and Tianxiao Zheng. How Have IMF Priorities Evolved? A Text Mining Approach, (USA: International Monetary Fund, 2021) accessed November 21, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

This paper assess how priorities of the IMF’s membership have evolved over the past two decades, by using text mining techniques on a unique dataset combining IMFC communiqués and constituency statements. Our results reveal significant variation in priorities across time and constituencies. Statements can be characterized by the weight which they place on three key priorities: (i) growth; (ii) debt and development; and (iii) crisis management and quota reform. Sentiment analysis techniques also show that addressing climate change is a topic which is viewed positively by an increasing number of constituencies.

Subject: Climate change, Crisis management, Economic sectors, Environment, Financial crises, Global financial crisis of 2008-2009, Mining sector

Keywords: Climate change, Constituency cluster, Constituency statement, Crisis management, Global, Global financial crisis of 2008-2009, IMF priority, IMFC communiqué, Mining sector, Sentiment analysis technique

Publication Details

Pages:

32
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2021/159
Stock No:

WPIEA2021159
ISBN:

9781513573458
ISSN:

1018-5941

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