Rental listings offer a window into how urban space is socially constructed through language. We analyze Chicago Craigslist rental advertisements from 2018 to 2024 to examine how listing agents characterize neighborhoods, identifying mismatches between institutional boundaries and neighborhood claims. Through manual and large language model annotation, we classify unstructured listings from Craigslist according to their neighborhood. Further geospatial analysis reveals three distinct patterns: properties with conflicting neighborhood designations due to competing spatial definitions, border properties with valid claims to adjacent neighborhoods, and “reputation laundering" where listings claim association with distant, desirable neighborhoods. Through topic modeling, we identify patterns that correlate with spatial positioning: listings further from neighborhood centers emphasize different amenities than centrally-located units. Natural language processing techniques reveal how definitions of urban spaces are contested in ways that traditional methods overlook.

Markets and policymakers around the world hang on the consequential monetary policy decisions made by the Federal Open Market Committee (FOMC). Publicly available textual documentation of their meetings provides insight into members’ attitudes about the economy. We use GPT-4 to quantify dissent among members on the topic of inflation. We find that transcripts and minutes reflect the diversity of member views about the macroeconomic outlook in a way that is lost or omitted from the public statements. In fact, diverging opinions that shed light upon the committee’s “true” attitudes are almost entirely omitted from the final statements. Hence, we argue that forecasting FOMC sentiment based solely on statements will not sufficiently reflect dissent among the hawks and doves.