- Home
- Publications
- MPC Communication: The Case For Taking Back Control Of Financial Conditions
MPC communication: the case for taking back control of financial conditions
Authors
Related Themes
Macro-Economic Dynamics and PolicyThis is a preview from the Quarterly UK Economic Outlook, May 2021.
Expectations about the decisions that central banks will take in the future matter. Any change in the level of the short-term policy rate or the stock of asset purchases will have a negligible impact on asset prices and ultimately inflation if investors expect that change to be soon reversed. Central bankers have become more comfortable talking about the future path of policy in order to anchor those expectations. Nonetheless, the current conversation about the future path of policy in the United Kingdom still falls a long way short of ‘complete forward guidance’ (Barwell and Chadha, 2013).
The analysis in this Box has been prepared by Richard Barwell, NIESR Fellow and Head of Macro Research at BNP Paribas Asset Management.
Please see the full analysis and its findings in the pdf document.
Related Blog Posts
Public Debt Sustainability and Fiscal Rules
Stephen Millard
Benjamin Caswell
05 Feb 2024
4 min read
Related Projects
Related News
Call for Papers: Lessons From Quantitative Easing & Quantitative Tightening
09 Feb 2024
1 min read
Related Publications
Job Boom or Job Bust? The Effect of the Pandemic on Actual and Measured Job and Employment Growth
07 Feb 2024
UK Economic Outlook Box Analysis
Implications of the Transition from Defined Benefit to Defined Contribution Pensions in the UK
07 Feb 2024
UK Economic Outlook Box Analysis
Inflation Differentials Among European Monetary Union Countries: An Empirical Evaluation With Structural Breaks
20 Nov 2023
National Institute Economic Review