Given the size of orders, even a small improvement in percentage terms can mean a substantial improvement in profitability. During the Conference we will be debating this at length. Among our speakers, we have the Bank of Canada, they recently changed their notes from paper to polymer and will share their experiences with us.
The key question raised by this era, then, is how we can best support maximum employment and price stability in a world with a low neutral interest rate. Current Policy and the Three Key Questions Let me turn now to the current implications for monetary policy of the questions raised by these three eras.