In my view, under conditions like these, central bank authorities should at least consider the following:   Enhancing communication is essential under a situation of high uncertainty, since understanding monetary policy actions becomes more difficult in these circumstances. Therefore, additional efforts are needed for a proper grasp of the central bank’s reaction function and its assessment of the present and future economic situation.
The area where France suffers in comparison with the rest of the euro area is the labour market. It would benefit from moving towards a labour market that is more inclusive of people who have problems finding employment. 2.