Reactions to the Bernanke Review from Bank of England watchers
总结了英国央行观察者群体对伯南克评估的反应,涵盖评估建议(如弃用扇形图、增加情景分析)及未涉及议题(如是否公布利率路径)。
We summarize reactions to the Bernanke Review from the Bank of England watchers community – a diverse group of academics, market economists, and business analysts who closely monitor and analyze the actions of the Bank of England. Key themes include the Review’s recommendations to retire the “fan chart”, increase the use of scenario analysis, and de-emphasize the central forecast conditioned on the market yield curve, as well as its critique of the Bank’s forecasting infrastructure. There is also extensive discussion of areas left unaddressed by the Review, including whether the Monetary Policy Committee should publish its preferred policy rate path, adopt a Fed-style dot plot, or give Bank staff ownership of the forecast.