"Bernanke Urges Bank of England to Overhaul Economic Model and Improve Inflation Forecasting"
TL;DR
Former Federal Reserve Chairman Ben Bernanke has advised the Bank of England to overhaul its main economic model, suggesting that the current framework may not be suitable for the post-pandemic world. Bernanke emphasized the importance of adapting economic models to changing circumstances and incorporating lessons learned from the global financial crisis.
- Ben Bernanke says BoE must revamp main economic model Financial Times
- Bank of England to scrap outdated inflation forecasting model in major overhaul after Fed boss’ review CNBC
- Bank of England: 'Serious deficiencies' in economy forecasts, review finds BBC.com
- Bernanke Urges BOE to Give Market Clearer Guidance on Rates Yahoo Finance
- Do better: Bernanke gets strict with Bank of England over handling of inflation crisis The Guardian
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