UWE paper on monetary policy uncertainty

It is widely believed that institutional arrangements influence the quality of monetary policy outcomes. Judged on its 'transparency' characteristics, therefore the Bank of England should do better than both the Bundesbank and ECB, according to the Discussion Paper "Monetary policy uncertainty: Is there a difference between Bank of England and the Bundesbank/ECB?" from University of the West of England.

However, studies based on market evidence show that on average, agents anticipate policy

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