17 See, for instance, James D. Hamilton, Ethan S. Harris, Jan Hatzius, and Kenneth D. West (2015), “The  Equilibrium Real Funds Rate: Past, Present, and Future,” NBER Working Paper Series 21476 (Cambridge, Mass.
Our consumers and businesses are more secure and prosperous because the FSB helps make sure that all countries are doing their share in promoting financial stability and not gaining an unfair advantage. Like some other effective organizations, a source of the FSB’s power is that it functions by consensus.