But it is, nevertheless, a different way of combining model and judgment than we used at LHM&A where the model played a more central role in the forecast process.
* * *  1. Introduction Ladies and gentlemen Central bank communication can certainly be tricky. That is why Bank of Japan Governor Haruhiko Kuroda said three days ago, during an ECB conference on this very issue, that the message needs to be simple. "It should better be straightforward," he told the audience. "That’s the best way."