Even if these effects are rather strong in Denmark, the underlying favourable budget situation will accommodate their impact. It is important to maintain this room for manoeuvre, and therefore there is no scope for any fiscal-policy relaxation. Danmarks Nationalbank has continuously emphasised the importance of a firm and consistent fiscal policy.
2 https://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Speeches/2019/Speech-The-view-from-Tane-Mahuta.pdf 3 See: https://www.rbnz.govt.nz/notes-and-coins/future-of-money 1  2  make use of digital technology to modernise central bank money, and how we can ensure cash remains an option for those who need it. To do this, we need courageous conversations with New Zealanders now about how we can innovate to preserve the current system's benefits and to address its shortcomings.