Abstract: Forward Guidance as a Tool of Monetary Policy
Summary
Forward guidance plays, together with quantitative easing, a key role in the unconventional
monetary policy system, applied in developed countries (in United States
and Eurozone) during last couple of years, to overcome aftermath of 2007+ financial
crisis. The aim of this paper is an analysis and evaluation of the essence and the role
of forward guidance as a tool of promoting economic growth in the context of realized
there inflation targeting strategy as well as to justify the thesis that potential of forward
guidance is running low already and developed countries stand against the need of
looking for the new tools and means of recovery accommodation.
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