Examples of economic analysis - the Generation ?uro Students' Award
Examples of economic analysis - the Generation ?uro Students' Award
Examples of economic analysis - the Generation ?uro Students' Award
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The importance <strong>of</strong> expectations for <strong>the</strong> economy<br />
• Many points in <strong>the</strong> Introductory Statement refer to expectations and<br />
are forward-looking in nature, e.g.:<br />
• “Statistical releases and survey evidence generally confirm our<br />
expectation <strong>of</strong> a moderation in <strong>the</strong> second half <strong>of</strong> this year in <strong>the</strong><br />
e<strong>uro</strong> area and elsewhere.”<br />
• “The global recovery is expected to go on.”<br />
• This is due to <strong>the</strong> fact that monetary policy takes quite some time to<br />
have an effect on <strong>the</strong> economy (via <strong>the</strong> transmission mechanism).
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