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.

The views expressed in this speech are those of the speaker and not the view of the BIS.

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.