Like in several other places, there however remains a level of ignorance regarding the virtues and technicalities of monetary policy management and there is a debate on some key issues. Academics often question the relevance of policy goals and tools because of their different ideological stances and positioning. Structuralists doubt whether monetary policy has any significant impact, in particular on price stability.
I would also like to thank Maura Quinn and her team at the Institute of Directors in Ireland for agreeing to co-host todays Forum with the Central Bank and for their invaluable support and assistance arranging today’s event. BIS central bankers’ speeches  3