Given that investment is an important element in the complex transmission mechanism of monetary policy, and given the continuous change of economic behaviour and institutional structures, a continuous interest of the central bank in this kind of research can easily be motivated. Despite the best efforts of economists working in various research institutes and in central banks, it remains, however, imperfectly understood.
This is, of course, to a large extent due to the volatility of investment itself, which is many times higher than that of GDP. By choosing it as the theme for its second international conference the Bank wants to encourage further research in this field of economics.