Consumer confidence indices and stock markets’ meltdowns

Consumer confidence indices (CCIs) are a closely monitored barometer of countries’ economic health and an informative forecasting tool. Using European and US data, we provide a case study of the two recent stock market meltdowns (the post-dotcom bubble correction of 2000–2002 and the 2007–2009 decline at the beginning of the financial crisis) to contribute to the discussion on their appropriateness as proxies for stock markets’ investor sentiment. Investor sentiment should positively covary with stock market movements (DeLong, Shleifer, Summers, and Waldmann 1990); however, we find that the CCI–stock market relationship is not universally positive.We also do not find support for the information effect documented in the previous literature, but identify a more subtle relationship between consumer expectations about future household finances and stock market fluctuations.

Are Deep Learning Approaches Suitable for Natural Language Processing?

In recent years, Deep Learning (DL) techniques have gained much at-tention from Artificial Intelligence (AI) and Natural Language Processing (NLP) research communities because these approaches can often learn features from data without the need for human design or engineering interventions. In addition, DL approaches have achieved some remarkable results. In this paper, we have surveyed major recent contributions that use DL techniques for NLP tasks. All these reviewed topics have been limited to show contributions to text understand-ing, such as sentence modelling, sentiment classification, semantic role labelling, question answering, etc. We provide an overview of deep learning architectures based on Artificial Neural Networks (ANNs), Convolutional Neural Networks (CNNs), Long Short-Term Memory (LSTM), and Recursive Neural Networks (RNNs).