They may not be able to capture (adequately or realistically) important features of markets such as financial innovations and other structural changes as well as the behaviour of different groups of agents characterised by fundamental differences in preferences, asymmetric information and alternative approaches to forming expectations.
Today, it holds special significance for the Bank of Korea that we are hosting this conference with the Carbon Neutrality Green Growth Committee. As we celebrate our 73rd anniversary, it is a fresh experience for the Bank of Korea to move into a new building and to hold our first conference with a government agency.