–  However, the current state of our balance sheet has strengthened my resolve to press for the early adoption of dynamic provisioning to preserve the integrity of the Central Bank’s balance sheet – to emulate the farsighted and hardworking Ant preparing for wintry times and not the laid-back Grasshopper enjoying the country’s sun and sand, to paraphrase Aesop slightly.
Moreover, history provides a daunting record of challenges to economic forecasting associated with changes in  1  Antulio Bomfim (1997), “The Equilibrium Fed Funds Rate and the Indicator Properties of Term-Structure Spreads,” Economic Inquiry, 54(4), pp. 830-46. 2  Thomas Laubach and John C. Williams (2003), “Measuring the Natural Rate of Interest,” Review of Economic Statistics, 85(4), pp. 1063-70.