BIS Review 27/2004  1  If this is indeed the case, because there are limits to how far globalization and the speed of innovation can proceed, the current apparent rapid pace of structural shift cannot continue indefinitely. A couple of weeks ago, I indicated in testimony to the Congress that the outlook for the next year or two has materially brightened.
2  BIS Review 97/2010  In spring 2007 the Governing Council endorsed the pursuit of an agenda to enhance the ECB’s monetary analysis. Why did we start this? How did we come to organise it? Finally, what have we achieved over the past three years? 1. Reasons for enhancing monetary analysis  Looking back, I must say that the timing was most opportune.