We trust that today’s proceedings will encourage all to work together towards the shared goal of inclusive growth – the only growth that truly matters and the only growth that transforms. Thank you and a pleasant day to all. BIS central bankers’ speeches  3
Estimates of some channels of monetary policy  I’ll consider this possibility by looking more closely at the behaviour of dwelling construction and household consumption. I’ll leave to one side the effects of monetary policy on business  4  See Rees D, P Smith and J Hall (2015), “A Multi-sector Model of the Australian Economy ,” RBA Research Discussion Paper No 2015-07.