1 Subjects: “...Fiscal and Monetary Policy...”

2 Subjects: “...Fiscal and Monetary Policy...”

3 Subjects: “...Fiscal and Monetary Policy...”

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

5 “... and monetary policy ammunition accumulated during prior years of strong growth. However, their growth prospects...”

6 “..., have suffered a decade of weak growth despite unprecedented monetary policy accommodation and several...”