An important element of controlling inflation and promoting sustainable growth is keeping the economy operating in line with its production capacity. For the central bank, this means getting a good reading on this capacity, which we call the economy's potential output. Potential output is not directly measurable.
Fourth, a collaborative approach with other official entities was adopted to buttress the strategy. Investigative agencies were brought on board to examine the available information for evidence of crimes. Other central banks were also roped in to ensure that escape of counterfeiters and perpetrators of illicit funds through those jurisdictions was thwarted.