This shift is also reflected in the titles and intellectual approaches of the two books that were discussed at this conference earlier this morning—that is, financial regulation.
Improvements in the labour market, particularly stronger wage 1/2  BIS central bankers' speeches  growth, should help households adjust to higher interest rates. But clearly, this is another area we will watch closely. The second vulnerability, imbalances in the housing market, has also been affected by recent changes in government policy.