In particular, government training programs for disadvantaged youth have a rather disappointing reputation, particularly those that are less intensive and not well tied to labor market needs (Martin and Grubb, 2001; Heckman, LaLonde, and Smith, 1999). A number of possibilities for improving the education of disadvantaged students seem worth exploring.
In general, central banks in advanced countries have tried to assure economic participants that interest rates will be kept low for some time in order to encourage investment. But there are limits to what monetary policy can achieve in this respect. As indicated earlier, monetary policy can only provide short to medium term relief and is not a substitute for necessary structural reforms.