Search Results for: forward guidance

Here’s a link;  it goes over ground in a previous post, but more lucidly, after the expert input of The Economist‘s Britain editor Richard Davies. Advertisements

Following the publication of the minutes of the MPC meeting on 3rd/4th July, I think a tweak is necessary to my reading of the press statement accompanying the decision. The minutes suggest the possibility that the tightening in the short … Continue reading →

There are two ways to read today’s statement by the Bank of England’s Monetary Policy Committee, accompanying its decision to do no more QE, and leave rates at their agreed floor. One is that it is advance warning (forward guidance) … Continue reading →

On Friday, Bank of England Chief Economist Spencer Dale is set to respond to twitter questions posted to #AskBoE.  This seems like a useful time to recap on previous posts on the fiasco, as I see it, surrounding the launch … Continue reading →

Two more thoughts on the Fudged Guidance, which I think more accurately describes the launch of the new framework than ‘Forward Guidance’.  Both are repeats.   The first rants about the ‘Fudge’, in the Guidance.  The second is about the … Continue reading →

In conversation at MMF yesterday, a few of us were discussing what it would take to tip the MPC or similar into deliberating on, voting on, and publishing interest rate plans?  With their frequent yield-curve-talking, MPC are heading towards this … Continue reading →

One view of QE – encoded in, for example, Eggertson and Woodford’s 2003 paper, and similar – is as follows. It comprises two steps, one effective, one redundant.  Step one is the creation of money to buy on the open … Continue reading →

On the assumption that the Monetary Policy Committee loosen at their August meeting, the question arises as to what unconventional policy might be undertaken. There is a clear indication in the July minutes that this is under consideration. I have … Continue reading →

The MPC have now started deliberating about their next decision on interest rates and asset purchases. The outlook for the UK economy post Brexit  is not great, but not yet as bad as it could have been. We already have … Continue reading →