8 2/7  BIS central bankers' speeches  So to foster innovation, it is very much in the interest of firms to recruit young people8. The young are also in a better position to facilitate knowledge diffusion. In this regard, labour mobility is key.
Benoît Cœuré: Policy analysis with big data Speech by Mr Benoît Cœuré, Member of the Executive Board of the European Central Bank, at the conference on "Economic and Financial Regulation in the Era of Big Data", organised by the Bank of France, Paris, 24 November 2017.