last45.txt - communication strategy would be for the Treasury to impose a communication strategy on the Bank It is arguable whether this would

last45.txt - communication strategy would be for the...

This preview shows page 1 - 2 out of 2 pages.

communication strategy would be for the Treasury to impose a communication strategy on the Bank. It is arguable whether this would constitute a trespassing on operational independence. It is a trespassing that has already taken place to some extent, with HMT commissioning the Bank to review the practice of forward guidance in 2013 around the time of Carney s arrival. And one that could be justified by pointing out that notwithstanding the literature about the possible downside of too much communication, more transparency helps the process of holding the institution to account. HMT in so instructing might point out that any satisfactory vote must result from a plan; so one is simply arguing that those plans should be disclosed at some point if only to assess whether the appointees were doing their jobs well or not. Posted in Uncategorized | 1 Comment Do monetary policy committees present an insuperable barrier to Odyssian forward guidance?
Image of page 1

Subscribe to view the full document.

Image of page 2
  • Fall '15
  • DR. Aimal

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes