THE DECISIONS OF THE SHADOW MONETARY POLICY COMMITTEE AND MONETARY POLICY COMMITTEE SINCE 2002 |
| |
| Authors: | Jahyun Koo Ivan Paya David A. Peel |
| |
| Affiliation: | 1. Korean Central Bank;2. University of Lancaster |
| |
| Abstract: | ![]()
We analyse the decisions of the Monetary Policy Committee (MPC) and the recommendations of the Shadow Monetary Policy Committee (SMPC) over the period 2002–2011. We find that the SMPC policy recommendations have to a large extent agreed with the policy actions of the MPC on interest rates. We offer some suggestions as to how the recommendations of the SMPC could be enhanced. |
| |
| Keywords: | Monetary Policy Committee Shadow Monetary Policy Committee governance interest rate smoothing |
|
