9 See, for example, T. Macklem, “The Benefits of an Inclusive Economy” (speech to the  universities of Atlantic Canada, delivered virtually, May 13, 2021), as well as C.-T. Hsieh, E. Hurst, C. I. Jones and P. J. Klenow, “The Allocation of Talent and U.S. Economic Growth,” Econometrica 87, no.
Our ten year experience in sharing a single currency and monetary policy proved to be a solid foundation for a common and timely response to the emergency, providing strong support for a coordinated action of governments and central banks. A second theme relates to how we should act to limit the credit crunch.