4  BIS central bankers’ speeches  The proper implementation of the NDP will be conducive to an increased level of entrepreneurship in the economy, as the ease of doing business improves. The obvious outcome of such a process will be the creation of more sustainable jobs.
Strategy in practice In practice, making monetary policy is difficult because the economy is continuously exposed to shocks, the effects of which are sometimes not entirely predictable. One might think of sudden changes in the oil price caused by tensions in the Middle East; of failing crops; or of exchange rate fluctuations.