To sum up, my message to this learned and discerning audience is that the build up of systemic financial risks needs to be pre-emptively, credibly and decisively addressed by deploying monetary policy tool based on the proposed modified version of the Taylor rule and counter-cyclical prudential regulatory measures.
While I wish the Workshop all success it so very much deserves, I do hope that the Workshop will shine light on the newer and unconventional, but conceptually robust, and technically rigorous, alternatives of modeling risk, possibly shorn of its innate insidiousness.