We are also assessing possible measures to 16 See T. Lane, “Monetary Policy and Financial Stability—Looking for the Right Tools” (speech at  the HEC Montréal, Quebec, February 8, 2016). 17 L. Schembri, “Getting to the Core of Inflation” (speech at the Department of Economics, Western University, London, Ontario, February 9, 2017).
-9-  strengthen the monetary policy framework to respond to adverse shocks and increase overall macro resilience. Three important developments in advanced economies could pose a challenge to our framework. First are higher levels of household and public debt (Chart 3, Chart 4).