Glossary - Z

ZERO INTEREST RATE POLICY (ZIRP)
The zero interest-rate policy is a macroeconomic concept describing conditions with a very low nominal interest rate, such as those in contemporary Japan and, since December 16, 2008, in the United States. It can be associated with slow economic growth.
 
ZEW INSTITUTE
The Centre for European Economic Research or ZEW is one of Germany's leading economic research institutes, and enjoys a strong reputation throughout Europe.