Constâncio, V. (2017), “Inequality and macroeconomic policies”, speech at the Annual Congress of the European Economic Association, Lisbon 22 August 2017. Constâncio, V. (2017), “Growth, adjustment and resilience in the euro area”, at the Forum Villa d’Este, Cernobbio, 2 September 2017. Constâncio, V. (2017), “Developing models for policy analysis in central banks”, speech at the Annual Research Conference, Frankfurt am Main 25-26 September 2017.
In February 2012 our balance of payments recorded a deficit of over NAf 500 million; today, as a consequence of those credit control measures, the deficit stands at NAf 62.6 million. Ladies and gentlemen, innovation is not always easy. Fear of the unknown often generates resistance to new ideas.