Drawing up an exit strategy entails two questions above all: how? and when? I won’t touch upon the how – the instruments – as both Chairman Bernanke and President Trichet have examined this particular question recently. 2 Instead, I will address the issue of the when from an analytical point of view.
Of course, many others have also been involved in making GEDP 9 a success this year, and I should also like to acknowledge them publicly. In particular, the sponsoring employers, faculty members, and business leaders, who have so graciously given their time, have all contributed enormously to this programme.