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008180123s2018    oncd    ob   f000 0 eng d
040 |aCaOODSP|beng
041 |aeng|bfre
043 |an-cn---
0861 |aFB3-5/2018-2E-PDF
1001 |aJain, Monica.
24510|aHow do central bank projections and forward guidance influence private-sector forecasts? |h[electronic resource] / |cby Monica Jain and Christopher S. Sutherland.
260 |a[Ottawa] : |bBank of Canada, |c2018.
300 |aiii, 37 p. : |bcol. charts.
4901 |aBank of Canada staff working paper, |x1701-9397 ; |v2018-2
500 |a"January 2018."
504 |aIncludes bibliographical references (p. 26-29).
5203 |a“We construct a 23-country panel data set to consider the effect of central bank projections and forward guidance on private-sector forecast disagreement. We find that central bank projections and forward guidance matter mainly for private-sector forecast disagreement surrounding upcoming policy rate decisions and matter less for private-sector macroeconomic forecasts. Further, neither central banks’ provision of policy rate path projections nor their choice of policy rate assumption used in their macroeconomic projections appear to matter much for private-sector forecast disagreement"--Abstract, p. ii.
546 |aIncludes abstract in French.
69207|2gccst|aMonetary policy
69207|2gccst|aInflation
7001 |aSutherland, Christopher S.
7102 |aBank of Canada.
830#0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2018-2|w(CaOODSP)9.806221
85640|qPDF|s1.39 MB|uhttps://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-5-2018-2-eng.pdf