1 Changes in policy rates – in combination, eventually, with appropriate central bank communication – can also serve as a signalling device from central banks and break the private sector herding behaviour that fuels the bubble. Needless to say, “leaning against the wind” cannot be translated into an automatic rule.
With this issue in mind, the Bank’s financial education programme for schools provides, alongside simplified reading material for students, more advanced, topic-specific Teacher’s Guides; we also have a comprehensive programme of courses for teachers. The approach must be different for museums, where the attention span of visitors is typically shorter.