Targeted Financial Conditions Indices (TFCI): why average financial conditions miss what matters most

Miguel Herculano, Santiago Montoya-Blandon and Jorge Pinheiro Financial conditions indices are widely used by central banks and policymakers, including in the UK, to summarise and monitor in real-t…

Sep 4, 2026 - 00:00
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Targeted Financial Conditions Indices (TFCI): why average financial conditions miss what matters most
Miguel Herculano, Santiago Montoya-Blandon and Jorge Pinheiro Financial conditions indices are widely used by central banks and policymakers, including in the UK, to summarise and monitor in real-t…

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