Liz Wakerly

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  • Senior Teaching Fellow, Economic Modelling and Forecasting, Warwick Business School, University of Warwick
The Bank of England’s latest communication strategy has been dubbed “fuzzy guidance” - but how much should central banks reveal? Image sourced from www.shutterstock.com

Forward or fuzzy: just how much should central banks reveal?

Shaun Vahey, University of Warwick; Anthony Garratt, University of Warwick, and Liz Wakerly, University of Warwick

The effective death of the forward guidance strategy offered by the Bank of England came with the announcement in early February that there would be a switch to a less quantitative approach. Dubbed by…
Publishing long-term interest rate projections can allow the Reserve Bank to operate with greater transparency. AAP

A route to greater transparency and independence for the RBA

Shaun Vahey, Australian National University and Liz Wakerly, Australian National University

Today, all eyes will be on the Reserve Bank amid speculation that the cash rate will be eased by at least 25 basis points. The RBA has often faced pressure from politicians and business leaders to reduce…

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