We know where improvement is needed, and what we must focus on in order to improve our competitiveness: •  We must intensify efforts to identify the sources of government inefficiency, and to devise practical ways of achieving lasting gains in efficiency;  •  Appropriate financing arrangements are needed for innovators.
In that period, laws for the first time established goals for monetary policy, albeit not as specific as inflation targets, and imposed reporting requirements in the form of reports and testimony to the Congress.