{"id":148,"date":"2014-09-02T16:00:29","date_gmt":"2014-09-02T16:00:29","guid":{"rendered":"http:\/\/blogs.kent.ac.uk\/economics\/?p=148"},"modified":"2015-05-11T12:36:56","modified_gmt":"2015-05-11T11:36:56","slug":"publish-or-be-damned-or-why-central-banks-need-to-say-more-about-the-path-of-their-policy-rates","status":"publish","type":"post","link":"https:\/\/blogs.kent.ac.uk\/economics\/2014\/09\/02\/publish-or-be-damned-or-why-central-banks-need-to-say-more-about-the-path-of-their-policy-rates\/","title":{"rendered":"Publish or be damned \u2013 or why central banks need to say more about the path of their policy rates"},"content":{"rendered":"<p>Piece published recently in VOX by Richard Barwell and Jagjit Chadha:<\/p>\n<p>&#8220;In the wake of the crisis, forward guidance has become a prominent tool of monetary policy. This column argues that central banks should go a step further, communicating to the public the internal policy debate that goes into monetary policy formation \u2013 especially regarding uncertainty. Since policy is determined contingent on a range of possible outcomes, forward guidance would become more effective by explicitly communicating how policy would respond along this uncertain path.&#8221;<\/p>\n<p>Read the article <a href=\"http:\/\/www.voxeu.org\/article\/publish-or-be-damned-or-why-central-banks-need-say-more-about-path-their-policy-rates\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Piece published recently in VOX by Richard Barwell and Jagjit Chadha: &#8220;In the wake of the crisis, forward guidance has become a prominent tool of &hellip; <a href=\"https:\/\/blogs.kent.ac.uk\/economics\/2014\/09\/02\/publish-or-be-damned-or-why-central-banks-need-to-say-more-about-the-path-of-their-policy-rates\/\">Read&nbsp;more<\/a><\/p>\n","protected":false},"author":37654,"featured_media":50,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[70],"tags":[],"_links":{"self":[{"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/posts\/148"}],"collection":[{"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/users\/37654"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/comments?post=148"}],"version-history":[{"count":2,"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/posts\/148\/revisions"}],"predecessor-version":[{"id":322,"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/posts\/148\/revisions\/322"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/media\/50"}],"wp:attachment":[{"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/media?parent=148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/categories?post=148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/economics\/wp-json\/wp\/v2\/tags?post=148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}