Concerning the models to be regarded in the decision making process, I think that at least one from the New-Keynesian school, which currently is employed as a kind of “work-horse” in monetary economics, should be included.
In general, the overall upward trend is expected to continue until early 2000 as a result of the increase in oil prices since spring 1999. Forecasts available suggest that price increases will nevertheless remain below 2% in the course of 2000 and 2001.