(2017), “The transmission of the ECB’s monetary policy in standard and non-standard times”, speech at the workshop “Monetary policy in non-standard times”, Frankfurt am Main, 11 September; Mikolajun, I. and Lodge, D. (2016), “Advanced economy inflation: the role of global factors” , Working Paper Series, No 1948, ECB; and Eickmeier, S. and Pijnenburg, K. (2013), “The Global Dimension of Inflation – Evidence from Factor Augmented Phillips Curves”, Oxford Bulletin of Economics and Statistics, Vol.
Small economies like ours do not necessarily have big opportunities for trade in financial assets and what little opportunities we have, there is a lack of diversity of assets that are traded. Nevertheless, our placement on the Index is one that should spur us to move forward.