It ensures that we consider the implications for price developments at longer horizons of financial imbalances and asset price misalignments, which may cumulate slowly. Therefore, while vindication is a strong word, we feel encouraged as regards our monetary policy strategy, whose underlying analysis we continuously deepen.
I am confident that, together, the G7 will show leadership and will build with the private sector a shared sense of responsibility for the future. I would like to thank Gurnain K. Pasricha, Lori Rennison and Eric Santor for their help in preparing this speech. 1 The data for this calculation are taken from M. Roser and E. Ortiz-Ospina, Global Extreme Poverty (2018).