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See Furman, J. and Summers, L. (2020), “A Reconsideration of Fiscal Policy in the Era of Low Interest Rates”, discussion draft; Sims, C. (2016), “Fiscal Policy, Monetary Policy and Central Bank Independence”, address at the annual economic policy symposium organised by the Federal Reserve Bank of Kansas City, Jackson Hole, 26 August; Tulip, P. (2018), “Fiscal Policy and the Inflation Target”, International Journal of Central Banking, June; and Reifschneider, D. and Williams, J. C. (2000), “Three Lessons for Monetary Policy in a Low-Inflation Era” Journal of Money, Credit and Banking, No 32 (4), pp.