But for the reasons previously advanced, the models we use tend to be essentially linear and we often lack the skills, and the memory, to supplement them with well reasoned analysis and robust evidence. Summing up, the difficult question of how much restriction would be needed in the face of rising asset prices calls for more study and experimentation.
But, as it has been aptly suggested, it hardly calls for “benign neglect”. 4.2  The international monetary system  A key element that allowed the US monetary expansion and China’s exchange rate pegging to be maintained for so long was the fact that they were mutually reinforcing. In a nutshell, demand from US consumers helped sustain China’s (and others countries’) export growth.