E52 - Monetary Policy - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T23:22:00+00:00How Do Central Bank Projections and Forward Guidance Influence Private-Sector Forecasts?
https://www.bankofcanada.ca/2018/01/staff-working-paper-2018-2/
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.2018-01-09T09:42:57+00:00enHow Do Central Bank Projections and Forward Guidance Influence Private-Sector Forecasts?2018-01-09Central bank researchInflation targetsMonetary policyMonetary policy communicationsMonetary policy transmissionStaff Working Paper 2018-2https://www.bankofcanada.ca/wp-content/uploads/2018/01/swp2018-2.pdfHow Do Central Bank Projections and Forward Guidance Influence Private-Sector Forecasts?Monica JainChristopher S. SutherlandJanuary 2018DD8D83EE3E37E5E52E58