1 “...Episodes of debt accumulation have been a recurrent feature of the global economy over the past...”

2 “... disinflation around the world over the past half-century, with global consumer price inflation down from a peak...”

3 “... comprehensive stocktaking of the past decade from the perspective of emerging market and developing economies...”

4 “...The global economy has experienced four waves of rapid debt accumulation over the past 50 years...”

5 “...The world economy has experienced four global recessions over the past seven decades: in 1975, 1982...”

6 “..., which was then used for stimulus. This reflects a more general trend over the past three decades, where...”

7 “... and widespread decline over the past decade, with all the fundamental drivers of growth losing momentum over time...”

8 “...Potential output growth around the world slowed over the past two decades. This slowdown...”

9 “... conditions turned less benign. This paper reviews an encompassing menu of options that have, in the past...”

10 “... accumulation over the past fifty years. This paper examines the consequences of debt accumulation using a three...”

11 “... policies (NIRP) to provide additional monetary policy stimulus over the past few years. This paper studies...”

12 “... turned into a tsunami and become even more dangerous. Second, five years after past global recessions...”