understanding macroeconomic equilibria requires knowing the interaction/transmission mechanisms of balance sheet positions of all agents in the economy, the behaviour of financial intermediaries and the interlinkages between the financial and non-financial sectors of the economy; this has implications on the design of economic policy, notably monetary and macroprudential policies, and on the need for interaction between monetary, macroprudential and microprudential policies;  (ii.)
I would like to congratulate the organisers for once again having assembled such a strong list of speakers at this year’s event. A special word of thanks is due to the many distinguished speakers who will be appearing during the Conference, as their contributions are vital to the success.