It is indeed a shared responsibility to continue to create a better, more inclusive approach that can effectively sustain our agenda for economic growth. Only by working together can we recover and build better. I am confident that this virtual conference would bear a productive and positive outcome. I look forward to a fruitful engagement.
There are localized tensions, particularly in the property market in certain member states; these need to be tackled, and are being tackled, by macroprudential measures. Opinions on the respective roles of monetary policy and macro prudential tools differ, as is perhaps natural given that macro-prudential policy is still in its infancy; more research on these topics is therefore welcome.