ZIRP Consumers and businesses interpret such extreme policy as a sign of crisis with no predictable outcome.

Denmark has about $600 billion in pension and investment savings. The people who help oversee those funds say the logic of cheap money fueling investment doesn’t hold once rates drop below zero. 

That’s because consumers and businesses interpret such extreme policy as a sign of crisis with no predictable outcome.

http://www.bloomberg.com/news/articles/2016-05-01/world-s-longest-negative-rate-experiment-shows-perversions-ahead