TITLE

Monetary policy and data uncertainty

AUTHOR(S)
Jääskelä, Jarkko; Yates, Tony
PUB. DATE
November 2005
SOURCE
Bank of England Quarterly Bulletin;Winter2005, Vol. 45 Issue 4, p477
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
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.
ACCESSION #
19584965

 

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