Opening speech at the International Conference on Household Finance 29.04.2021 | Virtual event | Jens Weidmann  1 Introduction  2 Consumption and saving  3 Potential long-term effects of the coronavirus crisis  3.1 Possible scarring of beliefs  3.2 Disruption of education  3.3 Unequal labour market impact  4 Inequality and monetary policy  4.1 Wealth inequality in Germany  4.2 Distributional effects of unconventional monetary policy  4.3 Implications for monetary policy  5 Conclusion  1 Introduction Ladies and gentlemen, It is a great pleasure to welcome you to our conference today.
Canadian governments have taken steps to reduce their deficits and to move towards less vulnerable debt positions. And, with our success in exporting and these improved fiscal positions, the persistent large shortfall in the current account of our international balance of payments has narrowed markedly. These improvements in Canada’s economic fundamentals have not been lost on financial markets.