In a new and changing environment for monetary policy, an interesting issue to examine is the use of financial market indicators by monetary policy authorities. With this in mind, the OECD canvassed a number of major central banks to get their views. This paper presents a synthesis of the...

In a new and changing environment for monetary policy, an interesting issue to examine is the use of financial market indicators by monetary policy authorities. With this in mind, the OECD canvassed a number of major central banks to get their views. This paper presents a synthesis of the...

An interesting issue to examine, as monetary policy faces a new and changing environment, is the use of financial market indicators by monetary policy authorities. With this in mind, the OECD asked a number of major central banks whether, in their view, financial market indicators are useful in...