2020 NOV 18 (NewsRx) — By a
Our news journalists obtained a quote from the research from the
According to the news editors, the research concluded: “This is consistent with the idea in the literature that forward guidance can lower interest rate forecast disagreement without reducing macroeconomic forecast disagreement because forward guidance can be interpreted by forecasters as either Delphic or Odyssean.”
This research has been peer-reviewed.
For more information on this research see: How Do Central Bank Projections and Forward Guidance Influence Private-sector Forecasts? INTERNATIONAL JOURNAL OF CENTRAL BANKING, 2020;16(5):179-218. INTERNATIONAL JOURNAL OF CENTRAL BANKING can be contacted at: Assoc International Journal Central Banking, Postfach 16 03 19,
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