Summing up In sum, I am not convinced that the events of the past few years and the current crisis demonstrate that central banks should switch to trying to check speculative activity through tighter monetary policy whenever they perceive a bubble forming.
Clearly, the perfect time for a research conference. Spring is also a season we should cherish while we still can, as climate change is playing havoc with our seasons. Climate change is a reality. It matters to all of us. It is not only an important research topic; it also influences my work as a central banker.