As Keynes also said when he described the tasks of the economist: "He must study the present in the light of the past for the purposes of the future." Also on our agenda, and also crucial for 'the purpose of the future' is the role of long-run trends and the normative implications that arise from low or even negative natural rates.
4  See Catherine Bell, Daniel Gorin, and Jeanne M. Hogarth (2009), “Does Financial Education Affect Soldiers' Financial Behavior?” Networks Financial Institute Working Paper 2009-WP-08 (Terre Haute, Ind. : NFI at Indiana State University, August), www.networksfinancialinstitute.org/Lists/Publication%20Library/Attachments/140/2009-WP08_Bell_Gorin_Hogarth.pdf. BIS central bankers’ speeches  3  the staff of San Diego City College, to younger enlisted soldiers – mostly men in their early 20s.