[2]  HC Coombs (1963), ‘Some Ingredients for Growth’, The Shann Memorial Lecture, Perth, 31 May. [3]  The table in the appendix provides a chronology of the monetary policy actions taken since March 2020.
[4]  Arguments for negative rates are discussed in Tenreyro S (2021), ‘Let's Talk About Negative Interest Rates’, Speech to the UWE Bristol webinar, 11 January, and L Brandao-Marques, M Casiraghi, RG Gelos, G Kamber and R Meeks (2021), ‘Negative Interest Rates: Taking Stock of the Experience So Far’, IMF Departmental Paper No 2021/003.