January 18th, 2007
A lesson for the ECB
Ralph Atkins in Frankfurt
Nordics are setting the pace in central bank transparency. That is clear from the announcement this week by Sweden’s Riksbank
that it will follow Norway’s example in publishing forecasts of its own interest rates.
Don’t yawn: this is state-of-the-art stuff in academic economics circles. Monetary policy these days is largely about influencing the economy through expectations.
