We should consider policies that influence the growth potential itself. In particular, I suggest that central banks should find tools to support the efforts to strengthen the foundation for economic growth. This may look even more unconventional than already unconventional asset purchase programs.
The first 15 years of our journey has led  2  BIS Review 88/2008  us to reorganize ourselves; upgrade employee compensation and benefits; strengthen our strategic planning and budgeting process; improve our facilities and equipment; align our training programs to world-class standards; send our best and brightest staff to the best universities; unveil progressive wellness programs; and open our doors to recruitment of fresh talents.