First, with inflation continuing to run below our objective, a mild undershooting of the unemployment rate considered to be normal in the longer run could help move inflation back up to 2 percent more quickly. Second, a stronger job market could also support labor market improvement along  BIS central bankers’ speeches  5  other dimensions, including greater labor force participation.
Such policies might even be inconsistent with the lockdown, as we need to slow down society to relieve the pressure from our overburdened medical systems. Instead, policymakers have engaged in large-scale preservation policies. To maintain as best as we can the delicate frozen state of the economy and prevent as much as possible permanent damage. 1  Fout! Onbekende naam voor documenteigenschap.