While the impetus to the regional economy of Canterbury will be very large, this spending represents a replacement of damaged buildings and infrastructure, not a net gain to national wealth.
Michelle W Bowman: Welcoming remarks - "Toward an inclusive recovery" Welcoming remarks (via webcast) by Ms Michelle W Bowman, Member of the Board of Governors of the Federal Reserve System, at "Toward an Inclusive Recovery", a research seminar sponsored by the Board of Governors of the Federal Reserve System, Washington DC, 20 October 2022.