Some modest further increase in the policy interest rate would be required to keep aggregate supply and demand in balance and inflation on target.
"David Dodge" is the name of:
* David A. Dodge, Canadian economist and Governor of the Bank of Canada from 2001 to 2008
* David F. Dodge (1910–1974), American novelist
* David Low Dodge (1774–1852), American philanthropist, founder of the New York Peace Society
* David S. Dodge (1922–2009), former President of the American University of BeirutMore David Dodge on Wikipedia.
I'm not saying that a disorderly correction to global imbalances is certain to happen. Nor am I saying that the global economy is inevitably headed for a deflationary shortfall in demand. What I am saying is that, as prudent policymakers, we must not rely on good fortune to help us muddle through. We need to get going on these policy issues now, before it is too late to take remedial action.
It's the fiscal balance of all levels of government combined that are really important.
There's still considerable monetary stimulus in the economy.
These changes, whatever changes may take place, have a one-year effect.
While there is no question that the sponsor is responsible for any deficit in the plan, it is not at all clear that the sponsor benefits from any surplus that may be generated.
The global and Canadian economies have continued to grow at a solid pace, and our economy now appears to be operating at full production capacity.
For all residual risks to the pension plan ? both outcomes that lead to deficits and outcomes that lead to surpluses.
We do see a need for some depreciation of the U.S. dollar over time, but that's to correct the global imbalances that are out there.