Productivity Growth over the Past Century with a View of the Future,” NBER Working Paper Series 15834 (Cambridge, Mass. : National Bureau of Economic Research, March); and Robert J. Gordon (2012), “Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds,” NBER Working Paper Series 18315 (Cambridge, Mass. : National Bureau of Economic Research, August).
This will give us the opportunity to further beef up reserves for insurance. We will continue to pursue a market-determined exchange rate to allow us to maintain external competitiveness. We will also engage in policies that would sustain a manageable external debt profile. Banking sector policies will continue to reinforce the banking system’s soundness.