As regards the European Central Bank, we feel today vindicated in our monetary policy concept, which attaches importance to our monetary analysis and explores information  2  BIS Review 8/2010  that can be drawn from the dynamics of the components and the counterparts of monetary aggregates.
[31] This is because, as the OECD (2020) has pointed out, the likelihood of re-employment, including through ALMPs, is typically higher for individuals that remain in the labour force (aside from periods of inactivity due to re-entering education or training). [32] The pandemic is accelerating pre-existing employment trends.