Unless we are in a position to provide employment and purchasing power  BIS central bankers’ speeches  7  for the daily necessities of the people living around forests, we cannot prevent them from combing the forest for food and livelihood. This does not necessarily mean an inherent conflict between the two dimensions.
In general, forecasts from different types of models are simultaneously taken into account in monetary policy practice. As an example, the Bank of England has recently developed a suite of short-term forecasting models for GDP containing, among others, large-scale factor models and non-linear models.