I hope that our conference will help stimulate further research into forecasting. The diversity of modelling approaches as well as their empirical testing enriches the wealth of experience  3  See Knüppel, M and G Schultefrankenfeld (2008), How informative are Risk Forecasts? An Examination of the Bank of England’s Risk Forecasts, Bundesbank Discussion Paper 14/2008.
BIS Review 36/2009  5  available to monetary policymakers. This helps to draw further conclusions for a robust and successful monetary policy in a continuously evolving economic landscape and, hence, helps to maintain price stability in the long run. Thank you for your attention. 6  BIS Review 36/2009