<p>ZLB means the interest rate is near 0, and monetary policy does not work at that time, and someone who knows it?</p>

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2022-11-24T21:22:37.540Z
Needs more detail/background.
BrsG
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2022-11-26T21:25:44.517Z
@user253751 I assume they mean “ government policy intended to reduce deficits and the accumulation of debt”(https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Glossary:Fiscal_consolidation).
A. Darwin
<macroeconomics>
Why Zero Lower bound makes fiscal consolidation more difficult?
Nick
# Why Zero Lower bound makes fiscal consolidation more difficult?

(Asked by: username_0 on 2022-11-24)

ZLB means the interest rate is near 0, and monetary policy does not work at that time, and someone who knows it?

**Tags:** macroeconomics
> **Comments:**
> **username_1**: Needs more detail/background.  
> **username_2**: @user253751 I assume they mean “ government policy intended to reduce deficits and the accumulation of debt”(https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Glossary:Fiscal_consolidation).  

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