9  Part of the reason women closed the participation gap with prime working age men after 1965 is that participation by this cohort of men gradually declined. Major reasons for this decline in prime age male participation likely were increasing trade, globalization, and technological changes that reduced the number of manufacturing jobs, which were held primarily by men.
What some practical bankers worried about was what to do if the objective of stabilizing the inflation outlook came into conflict with the stability of the credit market. There was no unanimity on this issue. It was even debated whether such a conflict of objectives was a realistic scenario.