00000nam 2200000za 4500 9.850534 CaOODSP 20221107154156 cr ||||||||||| 180123s2018 oncd ob f000 0 eng d CaOODSP eng eng fre n-cn--- FB3-5/2018-2E-PDF Jain, Monica. How do central bank projections and forward guidance influence private-sector forecasts? [electronic resource] / by Monica Jain and Christopher S. Sutherland. [Ottawa] : Bank of Canada, 2018. iii, 37 p. : col. charts. Bank of Canada staff working paper, 1701-9397 ; 2018-2 "January 2018." Includes bibliographical references (p. 26-29). “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. Includes abstract in French. gccst Monetary policy gccst Inflation Sutherland, Christopher S. Bank of Canada. Staff working paper (Bank of Canada) 1701-9397 ; 2018-2 (CaOODSP)9.806221 PDF 1.39 MB https://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-5-2018-2-eng.pdf