Monetary Policy Forum
The Monetary Policy Forum was launched in February 2009 to provide a rigorous, objective and constructive external crosscheck on the Bank of England and its Monetary Policy Committee. The Forum brings together an unrivalled depth of experience, including a number of former MPC members. It aims to challenge orthodox thinking, and seeks to offer a fresh perspective on the issues confronting policymakers today.
Inspiring bold, fresh thinking
Each quarter, the Monetary Policy Forum brings together a group of individuals with an unrivalled depth of experience and allows for the open exchange of views, ideas and research relating to the effective conduct of monetary policy and the outlook for the UK economy.
The Forum’s deliberations are informed by Fathom’s latest forecast for the UK economy which is produced using its Bank of England Simulation Tool (BEST), the only existing replica of the Bank of England Quarterly Model (BEQM) in the private sector.
"Just back from Fathom Consulting’s latest quarterly press conference, which... has become a must-attend event in the economic calendar.
"The idea behind it is to give an independent assessment of the state of the economy ahead of the Bank of England’s Inflation Report... To this end, Fathom use an adapted version of the Bank’s economic model (BEQM) and work out what its next moves may be.
"The analysis is often instructive: last time around, it was comments from Charles Goodhart at the Fathom event which sparked speculation (still ongoing) that the Bank may impose an extra charge on banks for leaving too much cash in reserve at the central bank."
By Ed Conway
(Tuesday 2 November 2009)
Energising public debate
Following a brief description of Fathom's BEST UK Forecast, members of the panel are invited to debate its findings and conclusions. Each panel member gives thier own views, after which the forum is thrown open to the audience for an open Q&A session and exchange of views.
When asked why the Monetary Policy Forum was founded, Danny Gabay, Director, said:
"Already, the Monetary Policy Forum has stimulated considerable media interest and we hope that it will continue to promote more rigorous public debate concerning the future conduct of monetary policy in the UK."
(February 2009)
If you are interested in becoming a member of the Monetary Policy Forum, or would like to attend the next meeting, please >>> REGISTER HERE <<<. Alternatively, you can contact us at enquiries@fathom-consulting.com or on +44 (0)20 7796 9561.
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