Going beyond these two direct policy applications, the HFCS offers researchers an invaluable tool to deepen our understanding of a wide variety of topics in the field of household finance. The first results of these efforts will already be presented in this conference. I would like to draw your attention to some of them.
It fleshes out a number of quick-wins that can be implemented in a first stage without Treaty change. The Commission will come forward with concrete proposals on these still this year. And it sets the priorities for more fundamental changes to how monetary union operates in the future. The ECB fully supports this process and will continue to actively contribute to it.