The supply side rigidity in the post-crisis economy has in turn triggered the low absorption of labour and reduced the speed of economic growth (See Graph 10). These last two aspects clearly pave the way to wide-reaching social and economic effects: Our poverty level has risen along with widening socio-economic inequalities (See Table 3).
One should not underestimate the benefits that arise from having the public understand the policies and actions of its monetary authority. This understanding makes the conduct of monetary policy easier, and gives citizens a measure by which to judge the performance of their central bank.