While everyone may breathe a sigh of relief once a recovery is underway, central banks will once again find themselves in a somewhat challenging position, as they now would have to concentrate on appropriate exit strategies such that the growth in their balance sheets do not pose a huge inflationary risk.
And I want to particularly thank all of the speakers, discussants, and other participants for helping us grapple with the challenges of ensuring that tomorrow’s stress tests remain as effective and vigorous as they are today. Thank you.1 1 The stress tests were announced in February 2009, and the results were released in May 2009.