The Economy, Stupid cover image

Is the Reserve Bank doing a good enough job?

The Economy, Stupid

CHAPTER

Navigating Transparency in Economic Forecasting

This chapter emphasizes the significance of transparency in the Reserve Bank's forecasting practices, suggesting that clear reasoning enhances policy discussions. It explores the challenges of economic forecasting amidst uncertainty, likening it to card counting in Blackjack for informed decision-making. Additionally, it addresses the complexities of communicating interest rate predictions and the need for adaptive, well-justified strategies to manage public expectations.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner