INTRODUCTION Ladies and gentlemen, it is always a pleasure to be back here in Groningen. I find the two buildings on the conference invitation very well chosen. They symbolise the common fears about the rise of Asia.
And monetary policy makes fiscal policy more effective, because when monetary policy is at the lower https://www.ecb.europa.eu/press/key/date/2020/html/ecb.sp200930~169abb1202.en.html  5/7  30/09/2020  The monetary policy strategy review: some preliminary considerations  bound – and committed to staying there via forward guidance on rates and asset purchases – fiscal multipliers are higher.