So, in other words, monetary policy needs to closely watch the relative size - and the timing - of the potential effects on aggregate supply and demand. Let me elaborate a little bit on this. I am close to what was said by President Broaddus and Governor Bäckström.
The prospect of higher productivity, higher economic growth and thus higher profits may boost stock prices particularly of firms operating in the new ICT sectors, as we have observed in the past few years. The associated stock price rally increases consumers’ financial wealth.