As for the household sector, consumption seems to be stagnating due to uncertainty about the future caused by the problems related to the social security system such as pension benefits and the health care system. VI. Conduct of Monetary Policy  I have talked about various issues, focusing on the decline in prices.
The current research focuses on three areas: (i) the relationship between financial integration and financial stability; (ii) EU accession, financial development and financial integration; and (iii) financial system modernisation and economic growth in Europe.