Jürgen Stark: The contribution of monetary policy and financial statistics to the conduct of monetary policy Statement by Mr Jürgen Stark, Member of the Executive Board of the European Central Bank, at the 4th ECB Conference on Statistics “A strategic vision for statistics – challenges for the next 10 years”, Frankfurt am Main, 24 April 2008.
One of the contributions of the conference is that it views many of the asset-pricing puzzles through the common lens of credit risk. This approach holds the hope of addressing the various puzzles in an internally consistent way that helps us to understand how the puzzles may be related.