I will then turn to the ECB’s recent monetary policy decisions and look at why an even transmission of our monetary policy is vital to the achievement of our price stability mandate. The euro area economic outlook Over the first half of this year, euro area inflation has continued to rise and has reached undesirably high levels.
Thus, the World Development Report (WDR) 2013 on jobs recently published and its companion paper “Creating jobs for development: policy directions from the 2013 World Development Report on Jobs” are timely in addressing one of the most pressing problems for many policy makers around the world.