Callan Windsor

In a world of high policy uncertainty, central banks are relying more on soft information sources to complement traditional economic statistics and model-based forecasts. One valuable source of soft information comes from intelligence gathered through central bank liaison programs – structured programs in which central bank staff regularly talk with firms to gather insights.

Conflict of interest None. Supporting Information Filename Description ecor70004-sup-0001-supinfo.zipZip archive, 2.7 MB Data S1 This supplementary material contains general instructions on how to replicate the results in this paper, while preserving our contractual obligations with LSEG. References , and (2019), ‘International Shocks, Variable Markups, and Domestic Prices’, The Review of Economic Studies, 86, 2356–2402.

21 September 2023 Download 847KB machine learning, modelling, technology, business, finance Introduction Consumer price inflation in Australia, as in other countries, has been unusually high in recent years. While demand conditions have played an important role, supply-side factors have been the biggest driver of the increase in inflation and have been front of mind for company executives and policymakers (Graph 1).