In the current economic scenario, the analysis of growth-inflation trade-off, exchange rate passthrough and inflation persistence carried out by the Department was particularly useful for calibrating monetary policy actions. 5. Last year, the conference outlined several data and dissemination initiatives for better harmonisation and synergy between data producers and users.
In many cases, these investors were enticed by the returns promised by agents without necessarily understanding the risks that they were taking. In other cases, financial products were so novel that the industry itself did not fully envision how and thru which channels the risks would materialize. To be fair, our technical models were imprecise.