[18]  References Broadbent, B (2021). ‘Lags, trade-offs and the challenges facing monetary policy,’ speech given at Leeds University Business School, 6 December Broadbent, B (2022). ‘Reliable partners,’ speech given at Gresham College, London, 30 March. Cloyne, J. and Hurtgen, P. (2016). ‘The macroeconomic effects of monetary policy: a new measure for the United Kingdom,’ American Economic Journal: Macroeconomics Filardo, A. and B. Hofmann (2014). ‘Forward guidance at the zero lower bound,’ BIS Quarterly Review, March, pp. 37-53. Friedman, M. (1961). ‘The lag in effect of monetary policy,’ Journal of Political Economy 69(5), pp. 447-466. Giannone, D., L. Reichlin and L. Sala (2004). ‘Monetary policy in real time,’ NBER Macroeconomics Annual 19, pp. 161-200. Harrison, R., R. Thomas and I. de Weymarn (2011). ‘The impact of permanent energy price shocks on the UK economy,’ Bank of England staff working paper no. 433. Havranek, T. and M. Rusnak (2013). ‘Transmission lags of monetary policy: A meta-analysis,’ International Journal of Central Banking 9(4), pp. 39-76. Mann, C.L. (2022). ‘On returning inflation back to target,’ speech given at Official Monetary and Financial Institutions Forum, 21 January. Pill, H. (2019). ‘Monetary policy – ‘Whatever it takes’ within our (new?) mandate,’ chap. 3 in R. Barwell and J. Chadha (eds.) Renewing our monetary vows: Open letters to the Governor of the Bank of England, National Institute of Economic and Social Research, pp. 35–52. Page 12  Pill, H. (2021). ‘UK Monetary Policy – ‘Crossing the river by feeling the stones’,’ speech given at the Confederation of British Industry, Newcastle-upon-Tyne, 26 November.

Arthur Yuen: Promoting economic and social development in Asia Welcome remarks by Mr Arthur Yuen, Deputy Chief Executive of the Hong Kong Monetary Authority (on behalf of Mr Norman Chan, Chief Executive of the Hong Kong Monetary Authority), at the seminar on "President Jin Liqun on the Asian Infrastructure Investment Bank’s Operations and Projects", Hong Kong, 8 November 2016. * * * President Jin, distinguished guests, ladies and gentlemen, Good morning. It is my pleasure to welcome you to this seminar on the Asian Infrastructure Investment Bank (AIIB)’s Operations and Projects, organised by the HKMA Infrastructure Financing Facilitation Office (IFFO). On behalf of the HKMA, I’m honoured to welcome President Jin to Hong Kong to meet with leaders from the financial and business sectors who have an interest in infrastructure project planning and management. I am delighted to see the strong level of interest and the diversity of business leaders represented in the field. AIIB is an important establishment in promoting economic and social development in Asia. Boasting an initial capital of $ billion and a founding membership of 57 countries, AIIB came into operation in January 2016 with a mandate in the development of infrastructure and other productive sectors in Asia, including energy and power, transportation and telecommunications, rural infrastructure and agriculture development, water supply and sanitation, environmental protection, urban development and logistics. As we are all aware, President Jin has played an instrumental role in shaping up the formation and the guiding principles of AIIB.