What are the implications of a decline in the efficacy of monetary policy as discussed in the text?
State Street's Lacaille on Why Efficacy Matters

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2.
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What challenges are presented by globalization in relation to monetary policy effectiveness?
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3.
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How do the expectations of monetary policy makers differ from the actual outcomes in the current economic environment?
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What factors should be considered when making investment decisions in uncertain economic times?
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In what ways might fiscal policy be considered the 'Holy Grail' for fixing economic issues, according to the text?
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