One of the themes I found fascinating during your remarks was the fact that the bank is essentially introducing an inflationary policy to combat the disinflationary consequences that we would see without intervention. I'm curious to know whether you've actually examined this, or have an opinion on what kind of impact we would have seen if we hadn't had such an expeditious fiscal response of this order of magnitude that we're dealing with. I know, at the beginning of this ordeal, there were a number of people on the public health side saying that we needed to be willing to look like we've done too much to avoid the worst consequences. I'm quite happy to look like we've done too much.
Have you done an examination or do you have views on what would have happened in the absence of a fiscal intervention of the nature we've seen?