Good morning, everyone.
Welcome, Governor and Ms. Wilkins.
My first question deals with the efficacy of fiscal stimulus. I won't get onto the topic of fiscal multipliers, Governor, because I believe you've answered a few questions on that and have talked on that in the last few days.
In an environment where we have excess capacity and where interest rates are at the lower bound, can you comment on the efficacy of the government implementing a fiscal stimulus plan?