However, the price of this economic policy is eventually paid by us all, through unrealised job opportunities and falling income levels. The behaviour and expectations of the government, banks, businesses and households all have an influence on one another. Still, there is only one participant that is sufficiently large and has the coordination potential to break the negative spiral: the government itself.
Mark Carney: Summary of the latest Monetary Policy Report Opening statement by Mr Mark Carney, Governor of the Bank of Canada, at a press conference following the release of the Monetary Policy Report, Ottawa, 23 October 2008. *  *  *  Good morning and thank you for joining us.