Economic and price developments so far have been in line with the Bank’s  2  For details, please view Lawrence Summers’ recorded Polak Annual Research Conference held by (http://www.imf.org/external/np/res/seminars/2013/arc/index.htm). 3  See Paul Krugman, “It’s Baaack: Japan’s Slump and the Return of the Liquidity Trap,” Brookings Papers on Economic Activity 2, 1998, pp.137–205.
See also Andersson, Malin and Saiz, Lorena (2018), “Investment in intangible assets in the euro area” , Economic Bulletin, Issue 7, ECB, November; and speech by Luis De Guindos (2018), “Investment, technological transformation and skills”. 3 See Crouzet, Nicholas and Eberly, Janice (2018), “Understanding Weak Capital Investment: the Role of Market  Concentration and Intangibles”, Jackson Hole Economic Policy Symposium.