Finally, let me thank those who patiently set up the logistics for getting this course off the ground. To LILY W ONG of ASB, thank you for your patience. To our FSCC Secretariat, I look forward to seeing the fruits of this course in your next Systemic Risk Review. Thank you Governor ZETI, CHARLES, HANS, ELI AND TRIW IT.
The investment boom was a response to the profit opportunities associated with innovations, particularly in information technology. The consumption boom was due in part to a surge in equity prices, which was also a response to expectations of higher profitability. The acceleration in productivity also had a persistent, but ultimately temporary, disinflationary effect.