Today's 3 level 3 meeting will give us a chance to launch a fruitful discussion on its recommendations and will constitute a unique opportunity for each of the stakeholders to respond to it and to exchange opinions about the challenges facing the current financial supervisory architecture.
Research is not definitive about the extent to which price stability enhances economic growth. We do not have controlled experiments in macroeconomics, and inflation and growth are both endogenous variables that respond jointly to many factors.