Summary v
Executive Summary 1
1. Introduction 3
2. What Is Forward Guidance? A Useful Taxonomy 7
3. Case Studies of Forward Guidance 11
4. Effects of Forward Guidance 29
5. Factors Affecting the Impact of Forward Guidance 33
6. Concluding Remarks 35
References 38
About the Authors 44
Publishing Information 45
About the Fraser Institute 46
Editorial Advisory Board 47