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- Title
Monetary policy and data uncertainty.
- Authors
Jääskelä, Jarkko; Yates, Tony
- Abstract
The article presents information on monetary policy and data uncertainty. In the article the author present a model that allows one to study variation in measurement error across data vintages. In Great Britain and in many countries, inflation data typically do not get revised and therefore the measurement error in current period inflation data are the same as that in old data. The data policymakers use to assess the state of the economy are often uncertain proxies for the things data policymakers really want to know about.
- Subjects
UNITED Kingdom; MONETARY policy; FISCAL policy; ECONOMIC policy; PRICE inflation; GOVERNMENT policy
- Publication
Bank of England Quarterly Bulletin, 2005, Vol 45, Issue 4, p477
- ISSN
0005-5166
- Publication type
Article