If the snowfall is one inch and is expected to melt away the next day, it may be optimal to do nothing and wait for it to melt. But if the snowfall is 6 to 12 inches and expected to be on the ground for a week, you may want to act sooner and shovel the sidewalks and plow the streets.
The Central Bank of Bosnia and Herzegovina has undertaken several steps to implement recommendations from previous Joint Conclusions. Those steps include: new statistics and development of analytical tools. we have recently improved analytical framework for forecasting and impact of policy measures.