---
title: Value of Textual Data in Forecasting Macroeconomic Tail Risk
url: https://www.ml-quant.com/papers/ssrn/4509043/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4509043
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4509043
featured: 2023-07-19
citations: unknown
topic: LLMs & Text
---


# Value of Textual Data in Forecasting Macroeconomic Tail Risk

News-based data offers valuable insights not provided by economic indicators, especially for left-tail forecasts, and significantly influences consumer sentiment.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4509043
- Identifier: SSRN 4509043
- Released: 2023-03-03
- First featured: Quant Letter No. 8 (2023-07-19): https://www.ml-quant.com/issues/2023-07-19/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: LLMs & Text

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