I do believe that education has made me, as a person, as a professional and as a member of the community. And I also believe that your education will, in the end, make each and every one of you in this graduating class. Hence my plea that you pursue lifelong learning as it would serve you in good stead.
Finally, globalization has probably made the link between policy actions and economic outcomes more uncertain by, among other things, strengthening the role of the exchange rate in the monetary policy transmission mechanism. Recent increases in prices for oil and other commodities illustrate some of the complications that globalization creates for policymaking.