Technical details about the decomposition presented here are forthcoming in the Banque de France Bulletin. ii See Posen, A., “A US Monetary Regime Change What Difference to Overheating?”, April 1, 2021, Peterson Institute for International Economic, Spring 2021 Global Economic Prospects Meeting iii Keynote address by François Villeroy de Galhau, Official Monetary and Financial Institutions Forum, webinar, 25 September 2020. iv For a recent review see Lagarde (2021). v Introductory statement to the press conference, 11 March 2021. vi Villeroy de Galhau, F., “The role of central banks in the greening of the economy”, Speech, 11 February 2021. See also the recommendations of the recent NGFS annual report vii Bean, C. « The Future of Monetary Policy » speech at the London School of Economics, 20 May 2014. i
With the affordability and availability of many powerful financial technologies, there is no better time for us to improve on our productivity, immunity, and inclusivity so that we can ensure sustainable improvement in the standard of living our people. I am certain the contributions from the ACMECS leaders present here today will go a long way towards fulfilling our common goal. Thank you very much for your kind attention. 5/5