Lawrence Schembri: The (mostly) long and short of potential output

Remarks by Mr Lawrence Schembri, Deputy Governor of the Bank of Canada, to the Ottawa Economics Association and CFA Society Ottawa, Ottawa, Ontario, 16 May 2018.

Central bank speech  | 
22 May 2018
PDF full text
 |  15 pages

Thank you for inviting me here today.

An important, if sometimes underappreciated, purpose of central bank speeches is to help the public understand what we are trying to achieve, and why. A greater understanding of our monetary policy actions helps make them more effective. And as a public institution, we have an obligation to highlight and demystify the concepts that guide our thinking in a way that all interested citizens, not just the experts in this room, can grasp.