Yet, it is no easy task; and that is why solid, in-depth analysis, looking at these issues from different angles and with different tools, is surely needed. The first part of today’s workshop will provide several interesting papers which attempt at doing that.
The second half will deal with another question that is being asked in the monetary policy debate,  namely whether the current, extraordinarily expansionary  monetary policy stance is inducing excessive risk-taking and thereby possibly igniting tomorrow’s financial crises. Low interest rates and yields make investors inclined to search-for-yield and embark on riskier investment strategies.