Economic analysis provides the evidence and interpretation needed to judge how the economy is evolving and how monetary-policy decisions may affect it. It covers current activity, labour-market conditions and price developments, while also considering forecasts, uncertainty and the forces shaping economic fluctuations. The analysis can extend to structural changes that influence productive capacity, inflation behaviour and real interest rates, and can use information disaggregated by household, business or country, including survey-based indicators. Its role is to support a balanced assessment of economic conditions and policy implications.
Passende Formel
Source: European Central Bank (ECB) (source). This glossary entry is an independently worded adaptation of the cited information.