Thus, in the longer run, the reallocation may support productivity growth. BIS central bankers’ speeches  Governing Council to assess and exercise its judgment about the appropriate stance for monetary policy.
Strategic interaction can be defined as a process in which each market participant explores his/her optimal strategy by conjecturing the response of other participants. Some of the papers presented at this conference follow this path. Herding behaviour is one example. As you know, a large number of small investors tend to follow a small number of large investors.