6  BIS Review 125/2007  First, the measurement of potential output, a key prerequisite for forward looking monetary policy, is generally difficult and more so in an increasingly globalising economies like India. Recent studies have shown that the measurement of potential output is extremely sensitive to the choice of methodology.
It is closely linked to the history of nation-building and independence of Finland: for instance, during the Winter War, the Finnish Government convened in the Bank and, during air raids, in its gold vault, partly because the then Governor Risto Ryti served as Prime Minister and later as President.