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The forward guidance trap (Working Paper)

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| || | ||   / _ \\   /_____//  |  ___|| |      \\  |  ___|| 
| || | ||  | / \ ||  `____ `   | ||__   |  --  //  | ||__   
| \\_/ ||  | \_/ ||  /___//    | ||__   |  --  \\  | ||__   
 \____//    \___//   `__ `     |_____|| |______//  |_____|| 
  `---`     `---`    /_//      `-----`  `------`   `-----`  
                     `-`                                    
 


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