Distinguished speakers, ladies and gentlemen,
This morning we have heard an insightful discussion on the economics of long‐run growth
and in my remarks I would like to keep with this theme. But since I’m not an expert on
growth theory, my aim for today is quite modest. I will begin with some observations on
long‐term growth before moving on to the more familiar territory of monetary policy. And
here, I will argue that the current mainstream thinking has put too little emphasis on the
role of monetary policy in long‐term growth. In doing so, I highlight specific problems with
prevailing conceptual paradigms. In all this, as you enjoy your lunch, I hope to give you some
food for thought and not cause any indigestion.
Distinguished speakers, ladies and gentlemen,This morning we have heard an insightful discussion on the economics of long‐run growthand in my remarks I would like to keep with this theme. But since I’m not an expert ongrowth theory, my aim for today is quite modest. I will begin with some observations onlong‐term growth before moving on to the more familiar territory of monetary policy. Andhere, I will argue that the current mainstream thinking has put too little emphasis on therole of monetary policy in long‐term growth. In doing so, I highlight specific problems withprevailing conceptual paradigms. In all this, as you enjoy your lunch, I hope to give you somefood for thought and not cause any indigestion.
การแปล กรุณารอสักครู่..