Thank you, Deputy Governor Zhu, for the opportunity to speak at this inaugural People’s Bank of China and Federal Reserve Bank of New York 2016 Joint Symposium. It is a wonderful occasion for our two central banks to meet and share ideas on important global macroeconomic and monetary policy issues. It is especially satisfying to me to be here in Hangzhou to see the result of my discussion last February with Governor Zhou about this kind of policy and research exchange. I thank you and the staff of The People’s Bank of China for developing this idea into such an ambitious work agenda, and for assembling such a ... (full story)