Thus, we need also to examine trends in the distribution of wealth, which, more fundamentally than earnings or income, represents a measure of the ability of households to consume. And we will even want to consider the distribution of consumption, which likely has the advantage of smoothing through transitory shocks affecting particular individuals or households for just a year or two.
– Under our initiative, the G20 has revived the Sustainable Finance Study Group. We have proposed China and United States to co-chair this group, and we are very grateful for their decision to accept this responsibility.