Here I’ll stress how these differences partly reflect the way policy shaped the evolution of public and private sector balance sheets. Finally, I’ll look ahead to an issue on so many minds these days: inflation. Just this morning new numbers were released. In August, inflation stood at 7%. While we’re headed in the right direction, that’s still too high.
Moreover, one could experiment with sending transfers to women, who may be better spenders. Some argue that attaching conditions to cash transfers – for example, they will be made provided the  BIS central bankers’ speeches  3  recipient’s children attend school regularly – may improve the usage of the cash.