Top Definition
Zero Interest Rate Policy. A controversial policy pursued by central banks in countries whose economies have collapsed, in an effort to reflate the system. Under ZIRP, a country's central bank sets the interest rate to zero or near zero, to make capital purchases more attractive.

The policy is controversial because it is not clear that it achieves the desired objective, and in fact may lead to a so-called liquidity trap, or a self-reinforcing slow deflation of the economy. Japan has lived with ZIRP since its stock and real estate markets crashed in 1990, and their economy has stagnated ever since. The United States is presently and foolishly following the Japan ZIRP model, with a similar outcome all but assured.
Ben Bernanke's choice to go to ZIRP has doomed the U.S. to at least a decade of stagflation.
shlimper44가 작성 2009년 07월 08일 (수)

The Urban Dictionary Mug

Lotsa space for your liquids.

Buy the mug

The Urban Dictionary Mug

Lotsa space for your liquids.

Buy the mug

The Urban Dictionary Mug

Your favorite word on a white mug.

Create a mug

The Urban Dictionary Mug

One side has the word, one side has the definition. Microwave and dishwasher safe. Lotsa space for your liquids.

Buy the mug

The Urban Dictionary T-Shirt

Soft and offensive. Just like you.

Buy the t-shirt

The Urban Dictionary T-Shirt

Smooth, soft, slim fit American Apparel shirt. Custom printed. 100% fine jersey cotton, except for heather grey (90% cotton).

Buy the t-shirt
매일 매일 받아보는 무료 이메일

아래에 이메일 주소를 입력하시고 매일 아침 Urban Dictionary 오늘의 단어를 받아 보세요!

이메일은 daily@urbandictionary.com에서 보냅니다. Urban Dictionary는 스팸 메일을 절대 보내지 않습니다.

×