Research & Conferences
Publishing central bank forecasts in theory and practice
Most central banks with direct inflation targets are communicating their inflation and output forecasts to the public. Some banks have gone one step further by showing their expected future path of interest rates. A comparison of the methods applied by central banks in preparing and releasing their forecasts indicates that in many areas there are no unique solutions. Moreover, the profession is still far from consensus as regards macroeconomic effects of forecasts publication. The conference aims at providing a forum for the presentation and discussion of the research in areas closely related to the best practices in publishing forecasts by central banks. In particular, the following topics will be covered:
- the macroeconomic effects of forecast publication,
- the impact of publishing macroeconomic forecasts on financial markets,
- methods used to prepare macroeconomic forecasts,
- the experience with communicating macroeconomic forecasts to the public.
The special focus of the conference is to provoke discussion on the subject of publishing the future path of interest rates.