Lars Svensson, Deputy Governor of Sveriges Riksbank, also advocates flexible inflation targeting “applied in the right way and in particular using all the information about financial conditions that is relevant for the forecast of inflation and resource utilization at any horizon – remains the best practice monetary policy before, during and after the financial crisis” (Svensson, 2010).
This means we must have to make some necessary changes in the manner we handle the remuneration packages and working conditions for the skilled and talented professionals we want to attract and retain. Thank you for listening and I wish you all success in your conference. References Asian Development Bank, 2008. Pacific Monitor, WWW.adb.org/Pacific Monitor. Dobel, G. 2006.