In a quantitative-easing regime, the quantity of central bank liabilities (or the quantity of bank reserves, which should vary closely with total liabilities) is sufficient to describe the degree of policy accommodation.
Conclusion In conclusion, the challenge faced by Pacific Public Service Commissioners in addressing brain-drain and managing the mobility of talented and skilled professionals is made more difficult when affordability is the key barrier. Graeme Dobel of ABC Radio Australia sums the issue in stating that “a free person with skills is still a free person”.