Central Bankers and Uncertainty


For the majority of my professional life, I have had the good fortune to be simultaneously involved both as a participant in, and as an academic observer of, central banks. Today, and as is suitable for this occasion and audience, I shall be primarily emphasising my academic observations. Nevertheless, my study of central bank behaviour is inevitably informed and coloured by my previous years as a Bank official, and current position as an external member of the Monetary Policy Committee (MPC), but my comments today are unauthorised, not necessarily representative of any of my colleagues or of other central bankers, independent and, I trust, reasonably objective—and where they are mistaken I have no one to blame but myself, except of course for the econometrics, where I have had help from the Bank staff.

Cite this paper

@inproceedings{Taylor1999CentralBA, title={Central Bankers and Uncertainty}, author={John Taylor}, year={1999} }