It is clear that a world in which central banks’ inclinations and market views are perfectly aligned is unlikely to emerge in reality. However, decades of academic reflection and central banks’ quest for stability have not past in vain.
Springer Science + Business Media, New York. Institute for Management Development. 2015. IMD World Competitiveness Yearbook 2015. Institute for Management Development, Lausanne, Switzerland. Maye, M. 2014. Small Business in South Africa: What the Department of Small Business Development Can Do to Stimulate Growth. Southern African Catholic Bishops’ Conference Parliamentary Liaison Office. Occasional Paper 35. Cape Town. September 2014. BIS central bankers’ speeches  5