Some Reflections on the Interactions between the Bank of England's Forecasts and the MPC's Policy Decisions
Author
Abstract
Suggested Citation
DOI: 10.1007/s11293-005-2866-y
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Svensson, Lars E. O., 1997.
"Inflation forecast targeting: Implementing and monitoring inflation targets,"
European Economic Review, Elsevier, vol. 41(6), pages 1111-1146, June.
- Lars E. O. Svensson, 1996. "Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets," NBER Working Papers 5797, National Bureau of Economic Research, Inc.
- Svensson, Lars E.O., 1997. "Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets," Seminar Papers 615, Stockholm University, Institute for International Economic Studies.
- Svensson, L-E-O, 1996. "Inflation Forecast Targeting : Implementaing and Monitoring Inflation Targets," Papers 615, Stockholm - International Economic Studies.
- Lars E O Svensson, 1996. "Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets," Bank of England working papers 56, Bank of England.
- Svensson, Lars E O, 1996. "Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets," CEPR Discussion Papers 1511, C.E.P.R. Discussion Papers.
- Lars E. O. Svensson & Michael Woodford, 2004.
"Implementing Optimal Policy through Inflation-Forecast Targeting,"
NBER Chapters, in: The Inflation-Targeting Debate,
National Bureau of Economic Research, Inc.
- Lars E. O. Svensson & Michael Woodford, 2003. "Implementing Optimal Policy through Inflation-Forecast Targeting," NBER Working Papers 9747, National Bureau of Economic Research, Inc.
- Svensson, Lars E.O. & Woodford, Michael, 2004. "Implementing Optimal Policy Through Inflation-Forecast Targeting," CEPR Discussion Papers 4229, C.E.P.R. Discussion Papers.
- James Tobin, 1970.
"Money and Income: Post Hoc Ergo Propter Hoc?,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(2), pages 301-317.
- James Tobin, 1969. "Money and Income: Post Hoc Ergo Propter Hoc?," Cowles Foundation Discussion Papers 283, Cowles Foundation for Research in Economics, Yale University.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Pierpaolo Benigno & Michael Woodford, 2007.
"Optimal Inflation Targeting under Alternative Fiscal Regimes,"
Central Banking, Analysis, and Economic Policies Book Series, in: Frederic S. Miskin & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Se (ed.),Monetary Policy under Inflation Targeting, edition 1, volume 11, chapter 3, pages 037-075,
Central Bank of Chile.
- Pierpaolo Benigno & Michael Woodford, 2006. "Optimal Inflation Targeting Under Alternative Fiscal Regimes," Working Papers Central Bank of Chile 407, Central Bank of Chile.
- Pierpaolo Benigno & Michael Woodford, 2006. "Optimal Inflation Targeting under Alternative Fiscal Regimes," NBER Working Papers 12158, National Bureau of Economic Research, Inc.
- Bennett T. McCallum & Edward Nelson, 2004.
"Timeless perspective vs. discretionary monetary policy in forward-looking models,"
Review, Federal Reserve Bank of St. Louis, vol. 86(Mar), pages 43-56.
- Bennett T. McCallum & Edward Nelson, 2000. "Timeless Perspectives vs. Discretionary Monetary Policy In Forward-Looking Models," NBER Working Papers 7915, National Bureau of Economic Research, Inc.
- McCallum, Bennett T & Nelson, Edward, 2001. "Timeless Perspective Vs Discretionary Monetary Policy in Forward-Looking Models," CEPR Discussion Papers 2752, C.E.P.R. Discussion Papers.
- Lars E. O. Svensson, 2000.
"The First Year of the Eurosystem: Inflation Targeting or Not?,"
American Economic Review, American Economic Association, vol. 90(2), pages 95-99, May.
- Svensson, Lars E.O., 2000. "The First Year Of The Eurosystem: Inflation Targeting Or Not?," CEPR Discussion Papers 2380, C.E.P.R. Discussion Papers.
- Svensson, Lars, 2000. "The first Year of the Eurosystem: Inflation Targeting or Not?," Seminar Papers 681, Stockholm University, Institute for International Economic Studies.
- Lars E.O. Svensson, 2000. "The First Year of the Eurosystem: Inflation Targeting or Not?," NBER Working Papers 7598, National Bureau of Economic Research, Inc.
- Peter Bofinger & Eric Mayer, 2007.
"Monetary and Fiscal Policy Interaction in the Euro Area with Different Assumptions on the Phillips Curve,"
Open Economies Review, Springer, vol. 18(3), pages 291-305, July.
- Bofinger, Peter & Mayer, Eric, 2003. "Monetary and fiscal policy interaction in the Euro area with different assumptions on the Phillips curve," W.E.P. - Würzburg Economic Papers 40, University of Würzburg, Department of Economics.
- Bofinger, Peter & Mayer, Eric, 2004. "Monetary and Fiscal Policy Interaction in the Euro Area with different assumptions on the Phillips curve," University of Göttingen Working Papers in Economics 27, University of Goettingen, Department of Economics.
- Bofinger, Peter & Mayer, Eric, 2004. "Monetary and Fiscal policy Interaction in the Euro Area with Different Assumptions on the Phillips Curve," CEPR Discussion Papers 4790, C.E.P.R. Discussion Papers.
- Lengnick, Matthias & Wohltmann, Hans-Werner, 2016.
"Optimal monetary policy in a new Keynesian model with animal spirits and financial markets,"
Journal of Economic Dynamics and Control, Elsevier, vol. 64(C), pages 148-165.
- Lengnick, Matthias & Wohltmann, Hans-Werner, 2014. "Optimal monetary policy in a new Keynesian model with animal spirits and financial markets," Economics Working Papers 2014-12, Christian-Albrechts-University of Kiel, Department of Economics.
- van der Ploeg, Frederick, 2004. "Prudent Monetary Policy: Applications of Cautious LQG Control and Prediction," CEPR Discussion Papers 4222, C.E.P.R. Discussion Papers.
- Batini, Nicoletta & Nelson, Edward, 2001.
"Optimal horizons for inflation targeting,"
Journal of Economic Dynamics and Control, Elsevier, vol. 25(6-7), pages 891-910, June.
- Nicoletta Batini & Edward Nelson, 1999. "Optimal Horizons for Inflation Targeting," Computing in Economics and Finance 1999 1052, Society for Computational Economics.
- Nicoletta Batini & Edward Nelson, 2000. "Optimal horizons for inflation targeting," Bank of England working papers 119, Bank of England.
- Batini, Nicoletta & Nelson, Edward, 2000. "Optimal Horizons for Inflation Targeting," Working Paper Series 103, Sveriges Riksbank (Central Bank of Sweden).
- Bennett T. McCallum, 2000.
"The Present and Future of Monetary Policy Rules,"
International Finance, Wiley Blackwell, vol. 3(2), pages 273-286, July.
- Bennett T. McCallum, 2000. "The Present and Future of Monetary Policy Rules," NBER Working Papers 7916, National Bureau of Economic Research, Inc.
- Bennett T. McCallum & Edward Nelson, 2005.
"Targeting versus instrument rules for monetary policy,"
Review, Federal Reserve Bank of St. Louis, vol. 87(Sep), pages 597-612.
- Bennett T. McCallum & Edward Nelson, 2004. "Targeting vs. instrument rules for monetary policy," Working Papers 2004-011, Federal Reserve Bank of St. Louis.
- Bennett T. McCallum & Edward Nelson, 2004. "Targeting vs. Instrument Rules for Monetary Policy," NBER Working Papers 10612, National Bureau of Economic Research, Inc.
- Gregory Erin Givens, 2006. "Revisiting the Delegation Problem in a Sticky Price and Wage Economy," Working Papers 200601, Middle Tennessee State University, Department of Economics and Finance.
- Huang, Kevin X.D. & Meng, Qinglai & Xue, Jianpo, 2009.
"Is forward-looking inflation targeting destabilizing? The role of policy's response to current output under endogenous investment,"
Journal of Economic Dynamics and Control, Elsevier, vol. 33(2), pages 409-430, February.
- Kevin X.D. Huang & Qinglai Meng, 2007. "Is Forward-Looking Inflation Targeting Destabilizing? The Role of Policy's Response to Current Output under Endogenous Investment," Vanderbilt University Department of Economics Working Papers 0704, Vanderbilt University Department of Economics.
- Huang, Kevin X. D. & Meng, Qinglai, 2007. "Is forward-looking inflation targeting destabilizing? The role of policy's response to current output under endogenous investment," Kiel Working Papers 1348, Kiel Institute for the World Economy (IfW Kiel).
- Michael McLeay & Silvana Tenreyro, 2020.
"Optimal Inflation and the Identification of the Phillips Curve,"
NBER Macroeconomics Annual, University of Chicago Press, vol. 34(1), pages 199-255.
- Michael McLeay & Silvana Tenreyro, 2019. "Optimal Inflation and the Identification of the Phillips Curve," NBER Chapters, in: NBER Macroeconomics Annual 2019, volume 34, pages 199-255, National Bureau of Economic Research, Inc.
- McLeay, Michael & Tenreyro, Silvana, 2018. "Optimal inflation and the identification of the Phillips Curve," LSE Research Online Documents on Economics 90373, London School of Economics and Political Science, LSE Library.
- Michael McLeay & Silvana Tenreyro, 2018. "Optimal Inflation and the Identification of the Phillips Curve," Discussion Papers 1815, Centre for Macroeconomics (CFM).
- Tenreyro, Silvana & McLeay, Michael, 2018. "Optimal Inflation and the Identification of the Phillips Curve," CEPR Discussion Papers 12981, C.E.P.R. Discussion Papers.
- Michael McLeay & Silvana Tenreyro, 2019. "Optimal Inflation and the Identification of the Phillips Curve," NBER Working Papers 25892, National Bureau of Economic Research, Inc.
- McLeay, Michael & Tenreyro, Silvana, 2020. "Optimal inflation and the identification of the Phillips curve," LSE Research Online Documents on Economics 103080, London School of Economics and Political Science, LSE Library.
- Jon Faust & Dale W. Henderson, 2004.
"Is inflation targeting best-practice monetary policy?,"
Review, Federal Reserve Bank of St. Louis, vol. 86(Jul), pages 117-144.
- Jon Faust & Dale W. Henderson, 2004. "Is inflation targeting best-practice monetary policy?," International Finance Discussion Papers 807, Board of Governors of the Federal Reserve System (U.S.).
- Svensson, Lars E. O. & Woodford, Michael, 2003.
"Indicator variables for optimal policy,"
Journal of Monetary Economics, Elsevier, vol. 50(3), pages 691-720, April.
- Lars E. O. Svensson & Michael Woodford, 2000. "Indicator variables for optimal policy," Proceedings, Federal Reserve Bank of San Francisco.
- Svensson, Lars E. O. & Woodford, Michael, 2000. "Indicator variables for optimal policy," Working Paper Series 12, European Central Bank.
- Svensson, Lars & Woodford, Michael, 2000. "Indicator Variables for Optimal Policy," Seminar Papers 688, Stockholm University, Institute for International Economic Studies.
- Lars E.O. Svensson & Michael Woodford, 2000. "Indicator Variables for Optimal Policy," NBER Working Papers 7953, National Bureau of Economic Research, Inc.
- Cukierman, Alex & Lippi, Francesco, 2005.
"Endogenous monetary policy with unobserved potential output,"
Journal of Economic Dynamics and Control, Elsevier, vol. 29(11), pages 1951-1983, November.
- Alex Cukierman & Francesco Lippi, 2003. "Endogenous Monetary Policy with Unobserved Potential Output," CEIS Research Paper 26, Tor Vergata University, CEIS.
- Alex Cukierman & Francesco Lippi, 2004. "Endogenous monetary policy with unobserved potential output," Temi di discussione (Economic working papers) 493, Bank of Italy, Economic Research and International Relations Area.
- Cukierman, Alex & Lippi, Francesco, 2003. "Endogenous Monetary Policy with Unobserved Potential Output," CEPR Discussion Papers 3763, C.E.P.R. Discussion Papers.
- Kosuke Aoki & Kalin Nikolov, 2006.
"Rule-Based Monetary Policy under Central Bank Learning,"
NBER Chapters, in: NBER International Seminar on Macroeconomics 2004, pages 145-195,
National Bureau of Economic Research, Inc.
- Kosuke Aoki & Kalin Nikolov, 2004. "Rule-based monetary policy under central bank learning," Bank of England working papers 235, Bank of England.
- Nicoletta Batini & Joseph Pearlman, 2002.
"Too Much Too Soon: Instability and Indeterminacy with Forward-Looking Rules,"
Discussion Papers
08, Monetary Policy Committee Unit, Bank of England.
- Nicoletta Batini & Joe Pearlman, 2002. "Too Much Too Soon: Instability and Indeterminacy with Forward-Looking Rules," Computing in Economics and Finance 2002 182, Society for Computational Economics.
- Svensson, Lars E. O., 2002.
"Inflation targeting: Should it be modeled as an instrument rule or a targeting rule?,"
European Economic Review, Elsevier, vol. 46(4-5), pages 771-780, May.
- Lars E.O. Svensson, 2002. "Inflation Targeting: Should It Be Modeled as an Instrument Rule or a Targeting Rule?," NBER Working Papers 8925, National Bureau of Economic Research, Inc.
- Ryo Kato & Yoko Takeda, 2004. "Reviewing US Monetary Policy in Disinflation Era: A Primer," Bank of Japan Working Paper Series 04-E-13, Bank of Japan.
- Tom D. Holden, 2024.
"Robust Real Rate Rules,"
Econometrica, Econometric Society, vol. 92(5), pages 1521-1551, September.
- Holden, Tom D., 2022. "Robust real rate rules," Discussion Papers 42/2022, Deutsche Bundesbank.
- Holden, Tom D., 2024. "Robust Real Rate Rules," EconStor Preprints 279481, ZBW - Leibniz Information Centre for Economics, revised 2024.
More about this item
Keywords
E52;JEL classification:
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:atlecj:v:33:y:2005:i:4:p:367-380. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.