Indeed, the Board believes the time has come to draw the line on expanding government guarantees. BIS Review 68/2001  5
C.  Communication strategy as a nontraditional accommodative monetary policy  It is widely known that theoretically one alternative accommodative monetary policy under the zero lower bound is to introduce forward guidance by committing to the continuation of a more accommodative policy than would otherwise have been anticipated with the normal  BIS central bankers’ speeches  3  policy reaction function.