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Focus is needed on improving central bank forecasts

Goodhart, C. A. E. (2023) Focus is needed on improving central bank forecasts. Central Banking. ISSN 0960-6319

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Abstract

On August 7, David Bholat suggested that it was ‘Time to pay policy-makers based on their performance’. Like all good economists, Bholat has been keen to adjust incentives so that those involved are encouraged to perform better, in this case the senior members of the monetary policy committee (MPC). While his intention was good, I think his target was misdirected, and could be improved.

Item Type: Article
Official URL: https://www.centralbanking.com/
Additional Information: © 2023 Infopro Digital Risk (IP) Limited
Divisions: Financial Markets Group
Subjects: H Social Sciences > HG Finance
Date Deposited: 16 Aug 2023 08:51
Last Modified: 15 Sep 2023 11:42
URI: http://eprints.lse.ac.uk/id/eprint/119992

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