ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Forward Guidance in Retreat

One among the many ingredients of the verbal soup dished out by United States Federal Reserve to help the economy regain its health in the years after the 2008 crisis was FG (forward guidance), linked closely to QE (quantitative easing). But the Fed soon found itself in an expectation trap and emergent economies found themselves trapped by it. This article explains FG's short and tumultuous life and why it may be headed towards a well-deserved end.



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