{"id":"https://openalex.org/W3021921038","doi":"https://doi.org/10.1109/access.2020.2992477","title":"Interest Rate Model With Investor Attitude and Text Mining","display_name":"Interest Rate Model With Investor Attitude and Text Mining","publication_year":2020,"publication_date":"2020-01-01","ids":{"openalex":"https://openalex.org/W3021921038","doi":"https://doi.org/10.1109/access.2020.2992477","mag":"3021921038"},"language":"en","primary_location":{"id":"doi:10.1109/access.2020.2992477","is_oa":true,"landing_page_url":"https://doi.org/10.1109/access.2020.2992477","pdf_url":"https://ieeexplore.ieee.org/ielx7/6287639/8948470/09086462.pdf","source":{"id":"https://openalex.org/S2485537415","display_name":"IEEE Access","issn_l":"2169-3536","issn":["2169-3536"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Access","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://ieeexplore.ieee.org/ielx7/6287639/8948470/09086462.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5067958815","display_name":"Souta Nakatani","orcid":null},"institutions":[{"id":"https://openalex.org/I1306287861","display_name":"Mitsubishi Group (Japan)","ror":"https://ror.org/0234cd281","country_code":"JP","type":"company","lineage":["https://openalex.org/I1306287861"]},{"id":"https://openalex.org/I74801974","display_name":"The University of Tokyo","ror":"https://ror.org/057zh3y96","country_code":"JP","type":"education","lineage":["https://openalex.org/I74801974"]}],"countries":["JP"],"is_corresponding":true,"raw_author_name":"Souta Nakatani","raw_affiliation_strings":["Graduate School of Economics, The University of Tokyo, Tokyo, Japan","Mitsubishi UFJ Trust Investment Technology Institute Co., Ltd., (MTEC), Tokyo, Japan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Graduate School of Economics, The University of Tokyo, Tokyo, Japan","institution_ids":["https://openalex.org/I74801974"]},{"raw_affiliation_string":"Mitsubishi UFJ Trust Investment Technology Institute Co., Ltd., (MTEC), Tokyo, Japan","institution_ids":["https://openalex.org/I1306287861"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5054611529","display_name":"Kiyohiko G. Nishimura","orcid":null},"institutions":[{"id":"https://openalex.org/I116292333","display_name":"National Graduate Institute for Policy Studies","ror":"https://ror.org/03gz5xp73","country_code":"JP","type":"education","lineage":["https://openalex.org/I116292333"]},{"id":"https://openalex.org/I74801974","display_name":"The University of Tokyo","ror":"https://ror.org/057zh3y96","country_code":"JP","type":"education","lineage":["https://openalex.org/I74801974"]}],"countries":["JP"],"is_corresponding":false,"raw_author_name":"Kiyohiko G. Nishimura","raw_affiliation_strings":["CARF, The University of Tokyo, Tokyo, Japan","National Graduate Institute for Policy Studies (GRIPS), Tokyo, Japan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"CARF, The University of Tokyo, Tokyo, Japan","institution_ids":["https://openalex.org/I74801974"]},{"raw_affiliation_string":"National Graduate Institute for Policy Studies (GRIPS), Tokyo, Japan","institution_ids":["https://openalex.org/I116292333"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5103232130","display_name":"Taiga Saito","orcid":"https://orcid.org/0000-0002-5417-639X"},"institutions":[{"id":"https://openalex.org/I74801974","display_name":"The University of Tokyo","ror":"https://ror.org/057zh3y96","country_code":"JP","type":"education","lineage":["https://openalex.org/I74801974"]}],"countries":["JP"],"is_corresponding":false,"raw_author_name":"Taiga Saito","raw_affiliation_strings":["CARF, The University of Tokyo, Tokyo, Japan","Graduate School of Economics, The University of Tokyo, Tokyo, Japan"],"raw_orcid":"https://orcid.org/0000-0002-5417-639X","affiliations":[{"raw_affiliation_string":"CARF, The University of Tokyo, Tokyo, Japan","institution_ids":["https://openalex.org/I74801974"]},{"raw_affiliation_string":"Graduate School of Economics, The University of Tokyo, Tokyo, Japan","institution_ids":["https://openalex.org/I74801974"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5101861054","display_name":"Akihiko Takahashi","orcid":"https://orcid.org/0000-0001-5358-5311"},"institutions":[{"id":"https://openalex.org/I74801974","display_name":"The University of Tokyo","ror":"https://ror.org/057zh3y96","country_code":"JP","type":"education","lineage":["https://openalex.org/I74801974"]}],"countries":["JP"],"is_corresponding":false,"raw_author_name":"Akihiko Takahashi","raw_affiliation_strings":["CARF, The University of Tokyo, Tokyo, Japan","Graduate School of Economics, The University of Tokyo, Tokyo, Japan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"CARF, The University of Tokyo, Tokyo, Japan","institution_ids":["https://openalex.org/I74801974"]},{"raw_affiliation_string":"Graduate School of Economics, The University of Tokyo, Tokyo, Japan","institution_ids":["https://openalex.org/I74801974"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5067958815"],"corresponding_institution_ids":["https://openalex.org/I1306287861","https://openalex.org/I74801974"],"apc_list":{"value":1850,"currency":"USD","value_usd":1850},"apc_paid":{"value":1850,"currency":"USD","value_usd":1850},"fwci":2.651,"has_fulltext":true,"cited_by_count":14,"citation_normalized_percentile":{"value":0.90665285,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":94,"max":98},"biblio":{"volume":"8","issue":null,"first_page":"86870","last_page":"86885"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9829000234603882,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9829000234603882,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":0.9739999771118164,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9682000279426575,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/yield-curve","display_name":"Yield curve","score":0.7599371671676636},{"id":"https://openalex.org/keywords/interest-rate","display_name":"Interest rate","score":0.7532479763031006},{"id":"https://openalex.org/keywords/flattening","display_name":"Flattening","score":0.7348667979240417},{"id":"https://openalex.org/keywords/bond","display_name":"Bond","score":0.5782442092895508},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.5514065027236938},{"id":"https://openalex.org/keywords/stock","display_name":"Stock (firearms)","score":0.5028685927391052},{"id":"https://openalex.org/keywords/government-bond","display_name":"Government bond","score":0.4849674701690674},{"id":"https://openalex.org/keywords/financial-market","display_name":"Financial market","score":0.47631844878196716},{"id":"https://openalex.org/keywords/yield","display_name":"Yield (engineering)","score":0.4606269896030426},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.4239163100719452},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.38369429111480713},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.3514506220817566},{"id":"https://openalex.org/keywords/monetary-economics","display_name":"Monetary economics","score":0.1883803904056549},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.13296940922737122},{"id":"https://openalex.org/keywords/geography","display_name":"Geography","score":0.09752243757247925},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.0916205644607544}],"concepts":[{"id":"https://openalex.org/C176230804","wikidata":"https://www.wikidata.org/wiki/Q205257","display_name":"Yield curve","level":3,"score":0.7599371671676636},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.7532479763031006},{"id":"https://openalex.org/C19444555","wikidata":"https://www.wikidata.org/wiki/Q212750","display_name":"Flattening","level":2,"score":0.7348667979240417},{"id":"https://openalex.org/C69738904","wikidata":"https://www.wikidata.org/wiki/Q11693","display_name":"Bond","level":2,"score":0.5782442092895508},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5514065027236938},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5028685927391052},{"id":"https://openalex.org/C2780389337","wikidata":"https://www.wikidata.org/wiki/Q2324820","display_name":"Government bond","level":3,"score":0.4849674701690674},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.47631844878196716},{"id":"https://openalex.org/C134121241","wikidata":"https://www.wikidata.org/wiki/Q899301","display_name":"Yield (engineering)","level":2,"score":0.4606269896030426},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4239163100719452},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.38369429111480713},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3514506220817566},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.1883803904056549},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.13296940922737122},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.09752243757247925},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0916205644607544},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C191897082","wikidata":"https://www.wikidata.org/wiki/Q11467","display_name":"Metallurgy","level":1,"score":0.0},{"id":"https://openalex.org/C192562407","wikidata":"https://www.wikidata.org/wiki/Q228736","display_name":"Materials science","level":0,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1109/access.2020.2992477","is_oa":true,"landing_page_url":"https://doi.org/10.1109/access.2020.2992477","pdf_url":"https://ieeexplore.ieee.org/ielx7/6287639/8948470/09086462.pdf","source":{"id":"https://openalex.org/S2485537415","display_name":"IEEE Access","issn_l":"2169-3536","issn":["2169-3536"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Access","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:961d162a3b3a4ee6bcec088dc71da036","is_oa":true,"landing_page_url":"https://doaj.org/article/961d162a3b3a4ee6bcec088dc71da036","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"IEEE Access, Vol 8, Pp 86870-86885 (2020)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1109/access.2020.2992477","is_oa":true,"landing_page_url":"https://doi.org/10.1109/access.2020.2992477","pdf_url":"https://ieeexplore.ieee.org/ielx7/6287639/8948470/09086462.pdf","source":{"id":"https://openalex.org/S2485537415","display_name":"IEEE Access","issn_l":"2169-3536","issn":["2169-3536"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Access","raw_type":"journal-article"},"sustainable_development_goals":[],"awards":[{"id":"https://openalex.org/G2391051773","display_name":null,"funder_award_id":"JP18H05217","funder_id":"https://openalex.org/F4320334764","funder_display_name":"Japan Society for the Promotion of Science"}],"funders":[{"id":"https://openalex.org/F4320322832","display_name":"University of Tokyo","ror":"https://ror.org/057zh3y96"},{"id":"https://openalex.org/F4320334764","display_name":"Japan Society for the Promotion of Science","ror":"https://ror.org/00hhkn466"}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3021921038.pdf","grobid_xml":"https://content.openalex.org/works/W3021921038.grobid-xml"},"referenced_works_count":38,"referenced_works":["https://openalex.org/W1527695054","https://openalex.org/W1577527822","https://openalex.org/W1580561995","https://openalex.org/W1973458257","https://openalex.org/W1986141854","https://openalex.org/W1988697445","https://openalex.org/W1992436291","https://openalex.org/W1998031535","https://openalex.org/W2001280190","https://openalex.org/W2016646198","https://openalex.org/W2028824761","https://openalex.org/W2044253254","https://openalex.org/W2045206168","https://openalex.org/W2074384921","https://openalex.org/W2076057077","https://openalex.org/W2077252204","https://openalex.org/W2077611006","https://openalex.org/W2094739311","https://openalex.org/W2125124025","https://openalex.org/W2140105349","https://openalex.org/W2161973582","https://openalex.org/W2551683053","https://openalex.org/W2589747523","https://openalex.org/W2590310769","https://openalex.org/W2618902367","https://openalex.org/W2765762244","https://openalex.org/W2766601212","https://openalex.org/W2784626391","https://openalex.org/W2785899089","https://openalex.org/W2906766930","https://openalex.org/W2953817059","https://openalex.org/W2981537679","https://openalex.org/W2999872520","https://openalex.org/W3121912665","https://openalex.org/W3124477952","https://openalex.org/W3165095120","https://openalex.org/W4249906708","https://openalex.org/W6772950656"],"related_works":["https://openalex.org/W3125893372","https://openalex.org/W1571724187","https://openalex.org/W1490523589","https://openalex.org/W3124265526","https://openalex.org/W2773632143","https://openalex.org/W1551896853","https://openalex.org/W2298913500","https://openalex.org/W1483972196","https://openalex.org/W1523570675","https://openalex.org/W3122134870"],"abstract_inverted_index":{"This":[0],"paper":[1],"develops":[2],"and":[3,42,53,74,83,124,127,136,145,154],"estimates":[4],"an":[5,38,44],"interest":[6,39,68,171],"rate":[7,40,69],"model":[8,79],"with":[9,80,142,157],"investor":[10,89],"attitude":[11],"factors,":[12,126,180],"which":[13],"are":[14,140,188],"extracted":[15,181],"by":[16],"a":[17,62,109],"text":[18,106,111],"mining":[19,107],"method.":[20],"First,":[21],"we":[22,57,132,174],"consider":[23],"two":[24],"contrastive":[25],"attitudes":[26,90],"(optimistic":[27],"versus":[28],"conservative)":[29],"towards":[30],"uncertainties":[31],"about":[32],"Brownian":[33],"motions":[34],"driving":[35],"economy,":[36],"develop":[37],"model,":[41],"obtain":[43],"empirical":[45],"framework":[46,60],"of":[47,51,93,108,113,159],"the":[48,59,95,99,143,151,177,184,192],"economy":[49],"consisting":[50],"permanent":[52],"transitory":[54],"factors.":[55,147],"Second,":[56],"apply":[58],"to":[61,120,169,190],"bond":[63,102,185],"market":[64,186],"under":[65],"extremely":[66],"low":[67],"environment":[70],"in":[71,98,167,194,197],"recent":[72],"years,":[73],"show":[75,175],"that":[76,139,176],"our":[77],"three-factor":[78],"level,":[81],"steepening":[82,123,144],"flattening":[84,125,146],"factors":[85,156],"based":[86],"on":[87],"different":[88],"is":[91],"capable":[92],"explaining":[94],"yield":[96,152],"curve":[97,153],"Japanese":[100],"government":[101],"(JGB)":[103],"markets.":[104],"Third,":[105],"large":[110],"base":[112],"daily":[114],"financial":[115],"news":[116],"reports":[117],"enables":[118],"us":[119],"distinguish":[121],"between":[122],"from":[128,164,183],"these":[129],"textual":[130,165],"data":[131,166],"can":[133],"identify":[134],"events":[135],"economic":[137],"conditions":[138],"associated":[141],"We":[148],"then":[149],"estimate":[150],"three":[155,179],"frequencies":[158],"relevant":[160],"word":[161],"groups":[162],"chosen":[163],"addition":[168],"observed":[170],"rates.":[172],"Finally,":[173],"estimated":[178],"only":[182],"data,":[187],"able":[189],"explain":[191],"movement":[193],"stock":[195],"markets,":[196],"particular":[198],"Nikkei":[199],"225":[200],"index.":[201]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":2},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":6},{"year":2021,"cited_by_count":2}],"updated_date":"2026-05-06T08:25:59.206177","created_date":"2025-10-10T00:00:00"}