This is one of the areas where the importance of a strategic plan is clear—a plan that formulates targets, defines work plans for achieving them, and allocates budgets is essential in order to achieve an education system that is tasked with providing values, abilities and skills that will enable its graduates to deal—as workers and in 2/6  BIS central bankers' speeches  general as citizens—with the challenges of a changing labor world, for many years to come.
As a consequence, every attempt to fine-tune the economy bears the risk of policy errors with the corresponding negative effects on price stability. In my view, this line of research has very much strengthened the case against output stabilisation as a target of monetary policy – a case which was already made by Milton Friedman as early as 1961.