The calibration of our exit from these policies is complicated by a paucity of evidence on how unconventional policies work. We will need to be flexible and adjust as we gain experience. Financial stability and asset prices. The past few years have illustrated two lessons about the relationship between macroeconomic stability and financial stability.
At least three major forces will be shaping our future – shifts in supply chains, digitalisation and climate change. Our investment strategies will have to accommodate these trends. First, the pandemic has, at least partly, provided an impulse to reverse globalisation. Vulnerabilities related to global value chains have been exposed.