liquidity trap
Noun
Meaning
liquidity trap (plural liquidity traps)
(economics, in particular New Keynesian economics) circumstance when nominal interest rates are near or at zero and circulating additional money doesn't lower interest rates.
Noun
liquidity trap (plural liquidity traps)
(economics, in particular New Keynesian economics) circumstance when nominal interest rates are near or at zero and circulating additional money doesn't lower interest rates.