We are aware of the risks surrounding the current pace of economic expansion. But easy money cannot and will not address the root causes of the crisis. Homework needs to be done on the fiscal side. Governments need to strengthen decisively public finances. We need a safer financial system. This requires improving the capital position of banks and tighter regulation.
Central banks can not be expected to continuously prolong measures to compensate for lingering risks from the financial system. 4. Interest rates and non-standard measures  Do liquidity support measures constrain the conduct of monetary policy?