Economics

Greenspan Lesson is Policy Accommodation Works, Poloz Says

  • Technology can boost potential growth more than is obvious
  • Central bank governor delivers paper in San Francisco
Stephen PolozPhotographer: James Park/Bloomberg
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Bank of Canada Governor Stephen Poloz said history shows major technology advances -- like the current digitalization of the global economy -- need to be accommodated by monetary policy, in part to help people who are negatively impacted by change.