It is our primary mandate and we are faithful to our primary mandate. We trust that fulfilling this primary mandate is a precondition for delivering sustainable growth and sustainable job creation. In the first years of the euro a great number of new jobs were created in Europe: around 14 million. That is not to say that we are satisfied.
This paper describes the revision in some detail, including changes in sectoral classification and expansion of transaction categories, and explains the new types of information obtainable from the revised flow of funds accounts. Improvement of statistics often involves a trade-off between users’ convenience and reporting burden. Improvement of the flow of funds accounts is no exception.