Therefore, the expected recovery in the corporate sector may not be fully transmitted into an improvement in the employment and income situation and, in that case, downward pressure on households may persist for a while.
This conference aims to present and discuss new insights gained from academic research which might help to improve the current practice of forecasting, with the aim of using these insights to develop further the forecasting tools employed by the Bundesbank and the Eurosystem. To start with, it might be helpful to take stock.