In the light of past experience - not least that of the Bundesbank - it assigned a special place in its analysis to the money stock. 3  BIS Review 57/1999  At the same time, however, it is also trying to estimate inflation prospects and inflation risks direct, on the basis of an analysis of a broad range of the factors determining prices.
In this sense, the conference could hardly be more timely. I. Policy Responses to Date regarding COVID-19 The spread of COVID-19 has had an even greater impact on the global economy than the GFC. The GDP growth rate for the April-June quarter of 2020 declined substantially in many countries.