Also see Engen, Laubach, and Reifschneider (2015) for an analysis of the combined macroeconomic effects of the FOMC’s asset purchases and guidance concerning the future path of the federal funds rate.
Second, I would have liked to have done more to harmonise financial reporting standards; I’m sad to say that the IFRS and US GAAP today are further apart than they were in 2010. Third, there is the matter of the regulatory treatment of government bonds – an international accord on this topic has now become a rather distant prospect, much to my regret.