Fourth, innovative sample surveys in the area of financial inclusion, development of leading indicators like house-start index, inflation expectation, etc., could be very useful tools. Fifth, we do not have an appropriate measure of potential output. It is not an easy task; however, efforts should be made to devise a suitable methodology for estimating potential output at the earliest.
The current Bundesbank president opposed the bond swap and has spoken about risks associated with the three-year LTROs. Is there a risk Germany becomes isolated within the ECB? Draghi: The vote for the three-year LTROs was unanimous. Given the peculiar nature of the ECB, one of my objectives is that we have as much consensus as possible.