Analytical support for the view that confusion between the cyclical and secular aspects of the 1970s’ slowdown had inflationary consequences is provided by Lansing (2002) and Bullard and Eusepi (2003). 4  BIS Review 12/2004  Edward Nelson (2004), during this period policymakers became more and more inclined to blame inflation on so-called cost-push shocks rather than on monetary forces.
Construction and real estate Finance Manufacturing Source: NBS. 2013–2017. 2018 – 2019. Other Trade Tradeable goods and services*  * Agriculture, industry, mining, transportation, catering. 0 2007  2009  2011  2013  2015  2017  2019  Source: NBS. Increased production capacities and competitiveness of our economy were conducive to positive developments in the labour market.