On Friday, Bank of England Chief Economist Spencer Dale is set to respond to twitter questions posted to #AskBoE. This seems like a useful time to recap on previous posts on the fiasco, as I see it, surrounding the launch of forward guidance (FG). All this has been said before, by me, and others. But there is no harm in repeating questions that are begged, especially when they don't get answered the first time.
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A recap on the Forward (or Fudged) Guidance…
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On Friday, Bank of England Chief Economist Spencer Dale is set to respond to twitter questions posted to #AskBoE. This seems like a useful time to recap on previous posts on the fiasco, as I see it, surrounding the launch of forward guidance (FG). All this has been said before, by me, and others. But there is no harm in repeating questions that are begged, especially when they don't get answered the first time.