3  4  See Kocherlakota (2010) for a more extensive discussion of the relevant transmission mechanisms. BIS central bankers’ speeches  Looking back over the past four years: outcomes How has the Federal Reserve performed relative to its dual mandate over the past four years, since the onset of the Great Recession at the end of 2007?
Some supporting reforms are crucial. It will not be easy to resolve the above mentioned proposition without implementing a series of supporting reforms. Therefore, we should not neglect their importance in this process. First, distortions in the relation between cost and profit in enterprises’ financial statement need to be tackled.