Dow, Sheila Christine; Klaes, Matthias; Montagnoli, Alberto - Centre for Economic Research, School of Economics and … - 2007
This paper analyses the signal uncertainty implicit in the communications of the Bank of England's Monetary Policy … expressing signal uncertainty in MPC minutes may either yield proxy measures to the amount of information at the disposal of the … MPC, or offer evidence for the presence of an irreducible kind of signal uncertainty that shows up as white noise, casting …