Previous Chapter Chapter 3: Integrated and Forward-Looking Analysis Next Chapter
Chapter 3: Integrated and Forward-Looking Analysis
What is integrated and forward-looking analysis? By identifying key factors that affect policy performance and identifying scenarios for how these factors might evolve in the future, policies can be made robust to a range of anticipated conditions, and indicators can be developed to help trigger important policy adjustments when needed.
To illustrate the importance of integrated and forward-looking analysis, consider a long-standing, regulated tariff for transporting grain from the Canadian Prairies to ports for export. The regulated tariff was known as the Crow Rate and was implemented by the Canadian government from 1897 through 1995. It initially supported railway expansion in western Canada at the turn of ...