A review is provided in Ben S. Bernanke (2012), “Monetary Policy since the Onset of the Crisis,” speech delivered at “The Changing Policy Landscape,” a symposium sponsored by the Federal Reserve Bank of Kansas City, held in Jackson Hole, Wyo., August 30-September 1. BIS central bankers’ speeches  5  developments in a manner that reduces or blunts potentially harmful consequences.
As Mario Draghi underlined in his speech in Jackson Hole in August of that year 2, this situation required a comprehensive policy response by euro area authorities of structural reform policies and policies to support aggregate demand, of which stronger monetary policy accommodation was one element.