But we are also searching for an absolute concept, the point of balance between supply and demand in the respective markets that divides excess demand from excess supply – in effect, the origin in a diagram relating inflation to excess demand and supply.
Updating the effectiveness of this architecture in the areas of crisis prevention and crisis management is an ongoing task, and many crucial steps have been taken, and are being taken, to this end. Over the last number of years, it has of course been the preventive rather than the resolving mechanisms that have been more relevant.