It is also possible that the public information contains noise or the precision of public information is significantly lower than the private information 3 . Nobody would recommend broadcasting Monetary Policy Meeting discussions. 14.
Deputy Governor of the Swedish Riksbank, Lars Svensson (2007) proposed the announcement of the loss function of central banks and making voting on the relative weight attached to two objectives; namely the deviation of the inflation rate and the GDP gap on the future path of economic development.