In Slide 6, this is described as closing the negative output gap, as the aggregate demand catches up with the capacity to supply. The increase in the aggregate demand of goods and services will ignite production activity and increase the labor demand. This will lead to an increase in the workforce and eventually a rise in wages per person.
BIS Review 37/2004  1  Let me focus on the lessons from the crises in the 1990s and the ensuing work on the international financial architecture. On the basis of the experience with the Mexican crisis in 1994/95, the G7 summit in Halifax in June 1995 initiated work on improved crisis prevention and management.