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This paper conducts a case study of the impact of the May 6, 1997, announcement of enhanced independence of the Bank of England on estimates of expected future inflation and real interest rates. These are generated from observed yields on conventional and index-linked British gilts. For the...
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An interview with the head of New Zealand's central bank. …
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-making errors are relevant under the two alternative approaches. Arguments relating to general targeting rules and actual central …
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