days into the war. in the first hours of the invasion, and further on, the nbu received overwhelming support from central banks and international organizations and institutions. the unprecedented support we have obtained from the international monetary fund, the world bank, the european union, and the united states has been truly invaluable, and has enabled ukraine not only to confront the consequences of the war, but also to look ahead and plan for long - term recovery. 3 / 4 bis - central bankers'speeches we took full advantage of this help, and now that we are on the path to recovery, we are actively exchanging our experience with our colleagues from other countries, via events such as this workshop. sharing knowledge is also a powerful resource, and, we are excited to share our expertise with you while continuing to refine our approaches. the challenges facing us may differ, but we all share a common goal – to create a sustainable economy capable of ensuring the stable development of countries. i believe that integrated approaches, the exchange of experience, and international cooperation are key elements for success in this endeavor. today we will review cutting - edge research into topics such as fx interventions, capital controls, international reserves, and the interaction between fiscal and monetary policies. we will be honored to hear a report from leading imf economists jesper linde and marcin kolasa on the integrated policy framework. i'm confident that their presentation will set the foundation for fruitful discussions on the practical aspects of an integrated approach. another highlight of today's workshop will be a presentation of the imf's extended quarterly projection model, or qpm. following the qpm presentation, we will hold a panel discussion with leading industry experts, chaired by natan epstein of the imf, about the specifics of implementing an integrated approach in our core macro models. this is of great practical importance to us, as we have been working closely with the imf team to improve our own modeling toolkit. i hope that today's event will be a source of new ideas and solutions for us all. thank you for your attention, and i wish you productive discussions!. 4 / 4 bis - central bankers'speeches

employment in a country. it is easier to compare prices, so you as a consumer can make better decisions on how to spend your money. in the same way, companies can also make informed investment decisions – resources can then be allocated in the most productive way and the productive potential of the economy will increase. price stability is also key to social stability. in an inflationary environment, prices tend to change in an unpredictable way and the value of people ’ s savings may fall. typically, the poorest groups in society often suffer most from inflation as they have only limited possibilities to protect themselves. throughout history, high rates of inflation, or deflation, have often created social instability. the pack consists of an animated video, leaflets for students and a more detailed booklet for teachers. it has been designed to be user friendly and easy to understand and we sincerely hope it will be a useful aid to those students and their teachers. i would like to thank all those here who were involved with the project. in particular, we are very grateful to caroline mchale and the business studies teachers association of ireland for their involvement in developing this pack. i would also like to thank norah martyn from marian college who, along with the students from her school, provided valuable guidance and knowledge during the development of this at a european level. we were very happy that an irish teacher and school were so directly involved in the development of this pack and i am delighted that norah could be with us today to see the final product. minister, i am very grateful for your own support in launching this with us. i would like to express my thanks to you and to the department of education and science for this support, not only today but also during the development of this information pack. this has been very important to us and to this project. ta an - athas orm go raibh baint ag an mbanc ceannais le hullmhu an leagain ghaeilge den phacaiste eolais. ba choir dom a ra libh freisin go bhfuil se ar fail i ngach ceann de theangacha oifigiula an aontais eorpaigh.