In this speech, Monetary Policy Committee member Dr Gertjan Vlieghe argues that there is a distinction between good monetary policy and making accurate forecasts. He illustrates these points using the experience of the pre-crisis mid-2000s, the aftermath of the financial crisis and the period following the EU referendum in 2016. Dr Vlieghe then reflects on the implications for current and future monetary policy.
Published on 05 April 2017
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