Meanings
- uncountablethe quality or state of being backward-looking
1 more example
In a sense, forward-looking monetary policy is acting, in a second-best fashion, to counter a backward-looking externality elsewhere in the economy. It is interesting to explore this notion further by considering the trade-off between the degree of backward-lookingness on the part of the private sector in the course of their wage bargaining and the degree of forward-lookingness on the part of the central bank in the course of its interest rate setting.
1999, Nicoletta Batini, Andrew Haldane, “Forward-Looking Rules for Monetary Policy”, in John B. Taylor, editor, Monetary Policy Rules, University of Chicago Press, →ISBN, page 158
Origin
Cite this entry
backward-lookingness. (n.d.). In WatkinsX Dictionary. Retrieved November 2, 2026, from https://dictionary.watkinsx.com/word/backward-lookingness
“backward-lookingness.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/backward-lookingness. Accessed November 2, 2026.
WatkinsX Dictionary, s.v. “backward-lookingness,” accessed November 2, 2026, https://dictionary.watkinsx.com/word/backward-lookingness.
Source: backward-lookingness on Wiktionary, CC BY-SA 4.0.