This does not all fall in the ambit of central bank responsibility. Nonetheless, central banks play a key role in pursuing macroeconomic stability. If central banks successfully pursue price stability, that is low inflation, they will be making a fundamental contribution to macroeconomic stability, which is a prerequisite for monetary union. 6  BIS Review 45/2004  8.
As you know from your experience in attracting foreign-owned companies to this region, U.S. workers also benefit from a good deal of “insourcing.” Nationwide, the employment of U.S. workers by affiliates of foreign firms was more than 5.5 million during the 2000-2002 period - up 1.7 million from ten years earlier.