Hence, from this viewpoint, the pace of economic recovery is likely to remain slow for the time being. Nevertheless, we must remain fully committed to resolving various structural problems and not just seek higher growth in a myopic manner.
Brunner, K (1981), ‘The Art of Central Banking’, Centre for Research in Government Policy and Business, Working Paper No.81–6. Campbell, J., Evans, C., Fisher, J. and A. Justiniano (2012), ‘Macroeconomic Effects of Federal Reserve Forward Guidance’, Brookings Papers on Economic Activity, Spring 2012, Issue 1, pages 1–80.