How do central bank projections and forward guidance influence private-sector forecasts? / by Monica Jain and Christopher S. Sutherland. : FB3-5/2018-2E-PDF
“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.
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| Ministère/Organisme | Bank of Canada. |
|---|---|
| Titre | How do central bank projections and forward guidance influence private-sector forecasts? / by Monica Jain and Christopher S. Sutherland. |
| Titre de la série | Bank of Canada staff working paper, 1701-9397 ; 2018-2 |
| Type de publication | Série - Voir l'enregistrement principal |
| Langue | [Anglais] |
| Format | Électronique |
| Document électronique | |
| Note(s) | "January 2018." Includes bibliographical references (p. 26-29). Includes abstract in French. |
| Information sur la publication | [Ottawa] : Bank of Canada, 2018. |
| Auteur / Contributeur | Jain, Monica. Sutherland, Christopher S. |
| Description | iii, 37 p. : col. charts. |
| Numéro de catalogue |
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| Descripteurs | Monetary policy Inflation |