Yesterday I posted following the BoE Inflation Report press conference, agitated by the repeated emphasis on avoiding an overshoot of the inflation target. A private response to the post made it clear that I should write again and disentangle two separate motivations that exist for overshooting.
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Commitment and risk management motives for…
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Yesterday I posted following the BoE Inflation Report press conference, agitated by the repeated emphasis on avoiding an overshoot of the inflation target. A private response to the post made it clear that I should write again and disentangle two separate motivations that exist for overshooting.