Moessner, Richhild; Nelson, William - Bank for International Settlements (BIS) - 2008
banks of such guidance or forecasts is that it runs the risk of impairing market functioning. In this paper, we evaluate the … central banks, in order to assess whether the provision of policy rate guidance by central banks impairs market functioning … that such guidance or forecasts impair market functioning in the United States, the euro area or New Zealand. The results …