The Fed Gets Even More Transparent The decision by the Federal Open Market Committee (FOMC) to embrace policy target thresholds has taken monetary policy transparency to a new level. I recently alluded that the FOMC could embrace such a tactic in early-2013. The FOMC also decided to raise the ante on its asset purchase programme […]
Archive | December, 2012
Political Revenge on the Bank of Japan?
Politics Hijacks Monetary Policy in Japan Financial markets have always been wary of political interference in the running of central banks. Profligate politicians cannot be trusted to ensure price stability. Independent central banks have tended to preside over stronger exchange rates and lower inflation than those subject to political pressure. While central banks wish to […]
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