Monetary policy assumptions in central bank forecasts

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Title: Monetary policy assumptions in central bank forecasts
Author: Kontulainen, Jarmo ; Mayes, David G. ; Tarkka, Juha
Series: Bank of Finland. Bulletin
Series number: 78 ; 4
Year of publication: 2004
Publication date: 9.12.2004
Pages: 28-35
Keywords: rahapolitiikka; keskuspankit; Suomen Pankki; odotukset; oletukset; projektiot; ennusteet
Abstract: Good monetary policy is always forward looking and forecasts are therefore a necessary input to monetary policy decisions.Forecasts become a means of providing a high degree of transparency, which in turn is seen as one of the essential prerequisites of successful monetary policy.

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