Zero Interest-Rate Policy
(Redirected from Zero Interest Rate Policy)
A Zero Interest-Rate Policy is a Macroeconomic policy that proposes zero interest rates.
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- See: Deleveraging, Macroeconomic, Interest Rate, Monetary Policy, Deflation.
References
2016
- (Wikipedia, 2016) ⇒ https://en.wikipedia.org/wiki/Zero_interest-rate_policy Retrieved:2016-10-17.
- Zero interest-rate policy (ZIRP) is a macroeconomic concept describing conditions with a very low nominal interest rate, such as those in contemporary Japan and December 2008 through December 2015 in the United States. ZIRP is considered to be an instrument of the unconventional monetary policy and can be associated with slow economic growth, deflation, and deleverage.
- (Wikipedia, 2016) ⇒ https://en.wikipedia.org/wiki/Interest_rate#Zero_interest_rate_policy Retrieved:2016-10-17.
- A so-called "zero interest rate policy" (ZIRP) is a very low—near-zero—central bank target interest rate. At this zero lower bound the central bank faces difficulties with conventional monetary policy, because it is generally believed that market interest rates cannot realistically be pushed down into negative territory.