Zero lower bound
id:
zero-lower-bound-301-6972847
title:
Zero lower bound
text:
The zero lower bound (ZLB) or zero nominal lower bound (ZNLB) is a macroeconomic problem that occurs when the short-term nominal interest rate is at or near zero, causing a liquidity trap and limiting the central bank's capacity to stimulate economic growth. The root cause of the ZLB is the issuance of paper currency by central banks, effectively guaranteeing a zero nominal interest rate and acting as an interest rate floor. Central banks cannot encourage spending by lowering interest rates, bec
brand slug:
wiki
category slug:
encyclopedia
description:
Problem in macroeconomics
original url:
https://en.wikipedia.org/wiki/Zero_lower_bound
date created:
date modified:
2023-07-08T05:11:31Z
main entity:
{"identifier":"Q8069596","url":"https://www.wikidata.org/entity/Q8069596"}
image:
fields total:
13
integrity:
14