Zero
in sentence
1619 examples of Zero in a sentence
Having experienced practically
zero
growth from 1997-2000, with unemployment at 20.5%, Colombia’s distress is so pronounced that a three year program was agreed with the IMF in late 1999.
Thus, even at the
zero
bound of nominal interest rates, it is argued, central banks still have weapons in their arsenal.
In 1999, despite slightly below-target inflation, high unemployment, and financial-market volatility, the ECB Governing Council did not even consider
zero
or negative interest rates, much less unconventional policy measures.
The chance of all of this occurring is not zero, of course.
Given this possibility, Varoufakis may have believed that he was making other EU finance ministers a generous offer by proposing to cut the primary surplus from 4% to 1% of GDP, rather than all the way to
zero.
In the US, there was
zero
growth in bank lending between 1933, the trough of the Depression, and 1937, the subsequent business-cycle peak.
With short-term interest rates in the United States near zero, and the “natural” interbank interest rate in faster-growing China at near 4%, an expected 3% appreciation, for example, translates into an “effective” interest-rate differential of 7%.
The capital backing the banks’ assets was only $1.4 trillion last fall, leaving the US banking system some $400 billion in the hole, or close to
zero
even after the government and private-sector recapitalization of such banks.
And the Fed’s 2008 decision to reduce the policy interest rate virtually to zero, together with the subsequent economic recovery, surely contributed to the strong stock-market rebound that began in early 2009.
The return to full employment reflects the Federal Reserve’s strategy of “unconventional monetary policy” – the combination of massive purchases of long-term assets known as quantitative easing and its promise to keep short-term interest rates close to
zero.
Estimates vary from a multiplier of about two all the way down to
zero.
If the multiplier is zero, as conservative-minded economists believe, there will be no effect on output, only on prices.
Savings in the household sector declined and leveled off at about zero, as low interest rates led to over-leveraging, an asset bubble, and an illusory increase in wealth.
When deleveraging in the household sector is complete, domestic expenditure may rebound, but the savings rate will not and should not go back to
zero.
And, according to World Bank data, extreme poverty is close to zero, compared to 11.8% in China in 2009 (the most recent year for which data are available).
Godrej’s engineers observed that if the objective was only to keep food from spoiling, and not necessarily to make ice, it would be sufficient if the refrigerator cooled to a few degrees above
zero
centigrade.
In fact, as psychologists Daniel Kahneman and Amos Tversky have shown, there is a systematic human tendency to downgrade the perceived probability of low-probability events, so that people go about their lives as if the probability of these events’ occurrence is
zero.
Finally, in order to stand a chance of preventing inflation from increasing much further, real interest rates must, at the very least, be equal to
zero
or slightly positive.
Since New Zealand’s central bank set the first example in 1989, monetary authorities around the world have increasingly pursued a policy of setting inflation targets (or target ranges) that are substantially above
zero.
The announced rate should be substantially positive, they wrote, because if officials tried to get it close to zero, any mistake could result in deflation, which “might endanger the financial system and precipitate an economic contraction.”
They began by cutting interest rates to zero, and later introduced forward guidance, committing to keep policy rates at
zero
for a protracted period.
True, if governments stop spending altogether, deficits will eventually fall to
zero.
Central banks’ unconventional monetary policies – namely,
zero
interest rates and massive asset purchases – were put in place in the depths of the 2008-2009 financial crisis.
In fact, they doubled down on the cocktail of
zero
policy rates and balance-sheet expansion.
Notably, the business sector is asked to take a more active role to reduce its carbon footprint, commit to 100% renewable energy and
zero
emissions, shift investments into renewable energy, adopt more sustainable business models, and assist in the divestment from fossil fuels.
Achieving more aggressive environmental goals, particularly limiting warming to 1.5ºC, or
zero
greenhouse-gas emissions in the second half of the century, would of course be desirable in terms of minimizing the risk of disaster scenarios.
Though no one knows exactly what a “normal” interest-rate environment might look like in the post-crisis world, it is reasonable to assume that it will not look like it does today, when many economies are keeping rates near
zero
and some have even moved into negative territory.
With benchmark interest rates stuck at the dreaded
zero
bound, monetary policy has been transformed from an agent of price stability into an engine of financial instability.
The headline consumer-price index (CPI) is near zero, and “core” or underlying inflation – the Fed’s favorite indicator – remains significantly below the seemingly sacrosanct 2% target.
If interest rates were well above zero, the Fed would have scope to raise them further in case of overheating or to lower them in response to adverse demand shocks.
Back
Next
Related words
Interest
Rates
Would
Policy
There
Which
Growth
Could
About
Central
Close
Their
Below
Movie
Banks
Inflation
Negative
Years
Emissions
Lower