I'm really going to leave those decisions to parliamentarians. As I highlighted in my opening remarks, clearly the evolution of the pandemic has very important implications for the economy. Lives and livelihoods are very closely related. People need to feel safe. They need to feel like they can conduct their business and remain healthy and their families can remain healthy. That's core to their confidence. That's going to be core to their ability to participate in the economy. I don't see that there's really a big trade-off here. The two need to go together.
With respect to the specific fiscal measures, I'm going to leave those to parliamentarians. I will say, though, that we are providing a considerable amount of monetary policy stimulus. We've indicated that will need to continue for some time. Certainly, the amount of monetary space we have is limited, but I wouldn't want to give the impression that there are not other things we can do. We do have the capacity to do more if needed.
As I was just highlighting, we own about 30% of the government debt. There's ample potential to scale up our quantitative easing if that were needed. There are other types of programs. Other central banks have used things like yield curve control. We could potentially lower the effective lower bound, even without going negative to 25 basis points. It could be a little bit lower.
Negative interest rates are in our toolkit, although that is not something we're actively discussing and we don't think it would be terribly helpful at this time.
I don't want to give the impression there's nothing else we can do. If needed, there are things we could do.