How Monetary Policy Strategies Changed After the Global Financial Crises?
Table 4:
Australia | New Zealand | England | FED | Switzerland | Japan | Norway | ECB | |
Forward Guidance | No | Yes. An explicit outlook for the policy interest rate for the first time in June 1997. | No | Yes | No | No | Yes. Announcement about policy rate for the first time in 2005. | Yes. The first forward guidance was in 2013. |