Necessity as the mother of invention monetary policy after the crisis

8. If you answered anything other than “no change” or “difficult to say” just above, do
you think these changes in communication should remain, be reversed, or be taken even
further once conditions return to normal? (please check one)
revert back completely
revert back somewhat
remain
go even further
too early to judge
9. Forward guidance is often classified as being either calendar based (or “time
contingent”), data based (or “state contingent”), or purely qualitative (that is, providing
neither a time frame nor economic conditions). Which type(s) of forward guidance has
your bank employed? (please check as many as apply):
Calendar based (time contingent)
Data based (state contingent)
Purely qualitative (neither time nor state contingent)
None
Other (please specify): _____________________________________________
Difficult to say
10. In the future, which type(s) of forward guidance do you believe would be most
effective for your central bank? (please check as many as apply):
Calendar based (time contingent)
Data based (state contingent)
Purely qualitative (neither time nor state contingent)
None
Other (please specify): ______________________________________________
Too early to judge
IV.
CENTRAL BANKS AND THEIR GOVERNMENTS
11. In its crisis-fighting efforts, how much criticism did your central bank get for
acting politically or crossing the line into the political realm? (please check one)
none
a little
a moderate amount
a lot
difficult to say
(continued)
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