essay contest, the primary goal is to encourage high school youth to be more informed about economic and financial topics. cbk will continue to be focused in order to continuously advance the field of financial education, in order to contribute to the awareness raising, transparency and information of citizens and in particular consumers of financial products and services. similarly, we will continue to cooperate with local and international financial institutions in order to, through this function, be as close as possible to the citizens. finally, i want to thank you for your presence at the distribution of these awards and on this occasion, you are closer to the central bank and as a result, you will have greater familiarity with the central bank of the republic of kosovo and with the functioning of the financial sector in kosovo. you may complement this acquired knowledge by studying in financial directions at universities in the country or abroad and in the future, you will be the bearers of the development and steer of the finances of our country, both in the central bank and in other financial institutions. congratulations on the prizes and i wish you success in your studies and new school challenges. all the best! 2 / 2 bis - central bankers'speeches

states, can be seen in us studies. 4 another possibility to improve the accounting is to look more closely at the link between labour and capital. so far the analysis has been based on the two resources in production being dealt with separately. but there are good examples of when labour and capital are interdependent. technical knowledge becomes particularly valuable with regard to the development of programs and systems, the production of computer games, etc. artists, film stars, elite athletes / sportsmen and others active in the experience industry get more out of their special skills through the developments in it and communications. the us central bank governor ben bernanke uses the company walmart as another example. 5 for the purpose of using the it investments the company had made, they reorganised their work, gave the staff further training and changed the relationship to their suppliers. this type of technique for general use, of which it can be said to be an example, can in turn push up other investment, such as further education. there are also other ways of developing the analysis. for instance, there are studies based on general equilibrium models indicating that the contribution of capital to productivity growth is forsling & lindstrom see, for example, stiroh ( 2001 ) and jorgenson et al ( 2006 ). bernanke underestimated in growth accounting. 6 if we avoid such underestimations the residual item declines. our knowledge has increased. and it is important for us at the riksbank to increase our knowledge of the development of productivity and of what might explain it. one of the current projects at the riksbank aims to obtain greater knowledge of how it investment, reorganisation and further education together affect productivity. better statistics lead to better analysis i would like to conclude this section with a few words on the considerable significance of economic statistics for being able to analyse productivity and the driving factors behind it. the previous us central bank governor, alan greenspan, was famous for his ability to take in large volumes of statistics. he became legendary when in the mid - 1990s he was the first to predict that productivity growth in the united states would strengthen as a result of increased use of it. this led to the central bank being able to conduct a more expansionary monetary policy for a period, without inflation rising. a few years ago i carried out an examination of economic statistics. my conclusions then were that these needed to be improved in four areas. all of them had in common that they were important to