Obviously, diverse financial structures and the impact of financial innovation are likely to affect relationships over time. In terms of the practical use of the accounts, I do see a promising future ahead after the tsunami of the financial crisis. Among the broader lesson that we have learned: Two pillars are better than one pillar in underpinning a broad-based approach to monetary policymaking.
This leaves ample scope for looking at facts and figures, digging deeper into the data jungle. National accounts remind us that a map is needed to put all the data together.