So there has to be commitment to stick to the measures until the recession is over, and to do more if the recession gets worse indeed. As for fiscal policy, the necessity of a large and timely stimulus package is most obvious. Olivier Blanchard and other IMF experts1 explained concisely by the end of last year what such a stimulus package should look like.
Let me take this opportunity to express my emotions in paying tribute to Andrey Kozlov, who was extremely dedicated to our central banking cooperation project. He is present in all our memories. - In our country many observers are in favour of taking away banking supervision from the central bank. What is your view?