But rest assured, we will keep at it until the job is done. Thank you. See Board of Governors of the Federal Reserve System (2022), “Federal Reserve Issues FOMC Statement,” press release, November 2, https://www.federalreserve.gov/monetarypolicy/files/monetary20221102a1.pdf. 11
* * * Ladies and gentlemen Ever since the ground-breaking work of Solow in the fifties most policy makers and members of academia – especially in the advanced economies – have inclined to favour free capital flows.