Of course.
In relation to the monetary policy transmission mechanism—which I remember from about 30 years ago—what would you say we learned when inflation went from below 2% to above 8%, not due to traditional sources like hyperinflation but to supply bottlenecks and a war in Ukraine? For example, prices went from $2,000 or $3,000 to over $15,000 to ship a container from, say, Europe to Halifax.
Looking ex post, what would you say we have learned on both the monetary policy side and the fiscal policy side to get inflation back down?