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Communication Challenges

  • Nicolas Carnot
  • Vincent Koen
  • Bruno Tissot

Abstract

Forecasts need to be explained both to policymakers and to other clients, but also to a wider public. This raises communication issues. First, some of the technical subtleties are difficult to explain in a simple way, not least as regards the uncertainties surrounding the forecast (Section 13.1). Second, there is the question of how much transparency is desirable: to what extent should governments and central banks publish their forecasts or keep them confidential (Section 13.2)? Lastly, in the case of official forecasts, it is important to acknowledge their ambivalent status: they are both a technical and a political exercise, and this raises tensions that need to be addressed (Section 13.3).

Keywords

Central Bank Forecast Error Economic Forecast Communication Challenge Central Scenario 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Nicolas Carnot, Vincent Koen and Bruno Tissot 2005

Authors and Affiliations

  • Nicolas Carnot
  • Vincent Koen
  • Bruno Tissot

There are no affiliations available

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