Money talks, broadly speaking (opens in new tab)

Aaron Clements-Partridge and Ryland Thomas Broad money aggregates failed policymakers when used as an intermediate target in the 1980s, but they appeared to predict the post-pandemic inflation. Where does that leave their role in setting monetary policy today? That was the topic of a recent workshop hosted by the Bank on ‘Analysing the Information Content … Continue reading Money talks, broadly speaking →