Better information bolsters policy pass-through – BoE paper
Publishing forecasts can influence potency of monetary policy, study finds
Giving people more information on the macroeconomic environment can increase the potency of monetary policy, but only when information and policy work in the same direction, according to research published by the Bank of England.
Central bank information and the effects of monetary shocks, a staff working paper by Paul Hubert, studies how policy announcements and inflation projections influence the response of the term structure of interest rates.
Hubert notes a policy decision has an impact
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