261–282, and Bruno M. and J. Sachs (1985), Economics of Worldwide Stagflation, Harvard University Press. 4  See “The ‘Great Inflation’: Lessons for Monetary Policy,” ECB Monthly Bulletin, May 2010, pp. 99–110. 5  See for instance Bekaert G., Hoerova M. and M. Lo Duca (2010), “Risk, uncertainty and monetary policy,” NBER Working Paper, No 16397.
Nonetheless, the work done to develop this proposal makes clear that there is room for much improvement in certain business practices and in the internal use of model output in evaluating capital adequacy.