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Current best practice in central banking views a high level of monetary policy predictability as desirable. A clear distinction, however, has to be made between short-term and longer-term predictability. While short-term predictability can be narrowly defined as the ability of the public to...
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that the press critically discusses the ECB's policy decisions in the context of prior market expectations and of the …
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curves in the euro-area, and on the euro/dollar exchange rate, suggest that the market's perception of the policy stance of … for persistent variation in market perceptions of central bank inflation aversion. The first years of the European Central … curve to news offer no comparable evidence of any change in market perceptions of the inflation aversion of the Federal …
Persistent link: https://www.econbiz.de/10012761892
curves in the euro-area, and on the euro/dollar exchange rate, suggest that the market's perception of the policy stance of … for persistent variation in market perceptions of central bank inflation aversion. The first years of the European Central … curve to news offer no comparable evidence of any change in market perceptions of the inflation aversion of the Federal …
Persistent link: https://www.econbiz.de/10012466879
Current best practice in central banking views a high level of monetary policy predictability as desirable. A clear distinction, however, has to be made between short-term and longer-term predictability. While short-term predictability can be narrowly defined as the ability of the public to...
Persistent link: https://www.econbiz.de/10012772989