Browsing Norges Banks vitenarkiv by Subject "adherence"
Now showing items 1-1 of 1
-
Announcements of Interest Rate Forecasts: Do Policymakers Stick to Them?
(Working Papers;11/2013, Working paper, 2013)If central banks value the ex-post accuracy of their forecasts, previously announced interest rate paths might affect the current policy rate. We explore whether this "forecast adherence" has influenced the monetary policies ...