Zero
in sentence
1619 examples of Zero in a sentence
Greenspan did: “I would say that number is zero, if inflation is properly measured,” he replied.
As long as inflation is somewhere between
zero
and 2%, the Fed should declare victory and leave it at that.
Moreover, by pushing interest rates toward zero, the current policy of quantitative easing (increasing money supply by buying government securities) has strong, often regressive, income effects.
With central banks keeping interest rates near
zero
– and in some cases even probing negative territory – it is hard to find another time in history when borrowing was so cheap.
For example, there are exactly
zero
German universities in the top 50 globally.
As a result, the household savings rate has risen from
zero
to 4% of disposable income.
Economic growth in the EU was near
zero
in 2003.
To be sure, large deficits can be benign or even desirable during recessions and wars, or when used to finance productive public investments; and in a deep, long-lasting downturn, with interest rates at or near zero, a well-timed, sensible fiscal response can theoretically help in the short term.
Empirical studies estimate that the overall impact of a weaker US dollar on the trade balance is close to
zero.
As bandwidth grows the cost of information transmission will move toward
zero.
In the industrial economy, if you suggested that the way to make your company rich was by pricing your product at
zero
and giving it away, you would earn very few promotions.
About half of the 1.56-percentage-point rise is attributable to an increase in the real interest rate, as measured by the inflation-indexed ten-year Treasury bonds, whose expected real yield has risen from
zero
in July 2016 to 0.82% now.
Undershooting the inflation target is also dangerous because inflation expectations and interest rates will decline over time, which makes it more likely that the ECB will reach the
zero
lower bound when the next downturn occurs.
As a result, high prices for scarce resources lead not to zero- or negative-sum political games of transfer but to positive-sum economic games of training more craft workers and engineers, mentoring more entrepreneurs and managers, and investing in more machines and buildings.
The idea is that even if very short-term interest rates are zero, longer-term rates are still positive.
The two best ideas for dealing with the
zero
bound on interest rates seem off-limits for the moment.
The optimal approach would be to implement all of the various legal, tax, and institutional changes needed to take interest rates significantly negative, thereby eliminating the
zero
bound.
In fact, many estimates suggest that the Fed might well have liked to cut rates 4% or 5% more than it did, but could not go lower once the interest rate hit
zero.
Unless central banks figure out a convincing way to address their paralysis at the
zero
bound, there is likely to be a continuing barrage of outside-the-box proposals that are far more radical.
For example, the University of California at Berkeley economist Barry Eichengreen has argued that protectionism can be a helpful way to create inflation when central banks are stuck at the
zero
bound.
The latest measures – a
zero
interest rate on the ECB’s main refinancing operations, an increase in monthly asset purchases from €60 billion ($67 billion) to €80 billion, and an even lower deposit rate of -0.40% – are unlikely to change this.
Getting to
zero
would be relatively easy, and it would send a powerful signal that there will be no tit-for-tat escalation, that global supply chains will not be disrupted, and that the global economy is secure.
They
zero
in on three specific investment areas: vaccination, contraception, and nutrition.
In a sense, the strategy worked: a housing bubble fed a consumption boom, as savings rates plummeted to
zero.
A global survey of all scientific estimates of the costs of climate change damage, undertaken by the United Nations climate panel, found that global warming right now has about a
zero
net cost.
Even with a world population that continues to add tens of millions of new mouths every year, given continuing growth in Haber-Bosch fertilizer and a surprising trend toward a worldwide decline in birth rates (if you live about 50 years longer, according to the best estimates, you’ll see humanity reach
zero
population growth), it might be within humanity’s grasp to avoid mass starvation forever.
Second, it was possible that some central banks – namely the Fed – could pull the plug (or hose) by exiting from QE and
zero
policy rates.
China’s government is committed to finishing the task, with the aim of reducing rural poverty essentially to
zero
by 2020.
Not only did reckless monetary accommodation set the stage for Japan’s demise; the country’s central bank compounded the problem by taking policy rates to the
zero
bound (and even lower), embracing quantitative easing, and manipulating long-term interest rates in the hopes of reviving the economy.
First observed by John Maynard Keynes during the Great Depression of the 1930s, the liquidity trap describes a situation in which policy interest rates, having reached the
zero
bound, are unable to stimulate chronically deficient aggregate demand.
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