Research and discussion fora like this conference, in which fresh ideas and experiences are exchanged among academics and policymakers, will be ever more important. Therefore, I wish you all two very fruitful and constructive days of open discussion. 3/3  BIS central bankers' speeches
Without too much chest-beating for my own guild, I do think that the contribution of monetary policy in addressing the economic challenges is beyond question. In fact, it has been widely recognised that there has, at times, been an overreliance on monetary policy to address the binding growth constraints in many economies.