Mr. Thiessen elucidates why he is optimistic about the prospects for a stronger Canadian economy Notes for remarks by the Governor of the Bank of Canada, Mr. Gordon Thiessen, to the Canadian Association for Business Economics and the Ottawa Economics Association in Ottawa on 21/3/97.
It would also require a horizon longer than two years, since the cycle of accumulation and unwinding of imbalances typically draws out further than two years. Greater flexibility and a longer horizon imply a more challenging role for communication.