Ben Bernanke didn’t pull any punches in his review of the Bank of England’s forecasting and communications and recommended a full revamp of the Bank’s main forecasting model, using alternative scenarios to express uncertainties rather than fan charts and putting less emphasis on the central forecast for inflation based on market interest rate expectations. But it’s a shame he stopped short of recommending the Monetary Policy Committee publishes projections for interest rates. That would have been a big step forward.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services