{"product_id":"the-interest-rate-conditioning-assumption-charles-goodhart-9781249557616","title":"The Interest Rate Conditioning Assumption","description":"A central bank's forecast must contain some assumption about the future path for its own policy-determined short-term interest rate. I discuss the advantages and disadvantages of the three main alternatives: i. Constant from the latest level ii. As implicitly predicted from the yield curve iii. Chosen by the monetary policy committee (MPC) Most countries initially chose alternative (i). With many central banks having planned to raise interest rates at a measured pace in the years 2004-06, there was a shift to (ii). However, Norway, and now Sweden, has followed New Zealand in adopting (iii), and the United Kingdom has also considered this move. So this is a lively issue.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Charles Goodhart\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1249557615\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781249557616\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Bibliogov\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/26\/2012\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 28\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.15lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.69h x 7.44w x 0.06d","brand":"Charles Goodhart","offers":[{"title":"Paperback","offer_id":48872690024703,"sku":"9781249557616","price":15.75,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.whiterainbookhouse.com\/products\/the-interest-rate-conditioning-assumption-charles-goodhart-9781249557616","provider":"WR Book House","version":"1.0","type":"link"}