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Monetary Policy in an Uncertain World - speech by Charles Bean
At the Oxonia Distinguished Speaker seminar in Oxford this evening, Charles Bean, Chief Economist and member of the Monetary Policy at the Bank of England, said that "uncertainty is an ever-present feature of the economic landscape that monetary policy makers cannot escape".
Published on
22 February 2005
Mr Bean notes that monetary policy makers are affected by three types of uncertainty: uncertainty about the data; uncertainty about the nature and persistence of shocks; and uncertainty about the structure of the economy.
Press release