However, the gap with the US market is still large in terms of absolute size, with the outstanding volume of bonds issued by non-financial corporations of around EUR 2.5 trillion in the United States being around three times larger than in the euro area. The degree of integration of the euro corporate bond market is reasonably high.
These include: further monetary easing; additional fiscal support, including through spending on infrastructure; and structural policies that support firms expanding, investing https://www.rba.gov.au/speeches/2019/sp-gov-2019-05-21.html  15/16  5/21/2019  The Economic Outlook and Monetary Policy | Speeches | RBA  and employing people. Relying on just one type of policy has limitations, so each of these is worth thinking about.