A temporarily larger one would probably be so as well, provided it involved a relatively modest amount of currency mismatch, and a rise in investment as opposed to a reduction in saving – and that seems to be the likely shape of things.
But filtering policy conclusions that can be used for policy direction remain the most important objective. As I conclude, I thank the participants present, including those that have travelled from far for this seminar. I hope the handful of issues addressed in the contributions today will provide the basis for a rewarding discussion. Once gain – you are all very welcome!