Macroeconomics

  • 25 Posts
  • 1 Sections
  • 1 Types
Accelerator
Macroeconomics
A macro idea linking investment to changes in output: rising output raises desired capital and therefore investment.
Read more about Accelerator.
Animal Spirits
Macroeconomics Behavioral Economics
Keynes’s term for confidence, fear, and narratives that move spending and investment under uncertainty.
Read more about Animal Spirits.
Anticipated Inflation
Macroeconomics
Inflation that households and firms expect and incorporate into wages, prices, and nominal interest rates.
Read more about Anticipated Inflation.
Autonomous Consumption
Macroeconomics
Understanding autonomous consumption - the component of consumption that is independent of current income.
Read more about Autonomous Consumption.
Backdoor Monetary Policy
Macroeconomics Banking
Non-transparent central bank actions that influence liquidity, rates, or markets outside standard public channels.
Read more about Backdoor Monetary Policy.
Bad Money Drives Out Good (Gresham’s Law)
Macroeconomics Banking
When two forms of money circulate at a fixed rate, undervalued ‘good’ money is hoarded while overvalued ‘bad’ money remains in circulation.
Read more about Bad Money Drives Out Good (Gresham’s Law).
Balance of Trade
International Economics Macroeconomics
The difference between a country’s exports and imports of goods; a core part of the current account.
Read more about Balance of Trade.
Balance-of-Payments Crisis
International Economics Macroeconomics
A situation where a country cannot finance external payments sustainably, triggering reserve losses, currency pressure, or default risk.
Read more about Balance-of-Payments Crisis.
Balanced Budget Amendment
Public Finance Macroeconomics
A proposed constitutional rule requiring government expenditures not to exceed revenues within a fiscal year.
Read more about Balanced Budget Amendment.
Balanced Budget Multiplier
Macroeconomics Public Finance
In Keynesian models, equal increases in government spending and taxes raise output by exactly the spending increase.
Read more about Balanced Budget Multiplier.
Balanced Growth Path
Macroeconomics
A trajectory where key aggregates—output, capital, and often consumption—grow at the same constant rate, keeping ratios stable.
Read more about Balanced Growth Path.
Balances with the Bank of England
Banking Macroeconomics
Reserve balances UK commercial banks hold at the Bank of England to settle payments and meet liquidity needs.
Read more about Balances with the Bank of England.
Bank
Banking Macroeconomics Credit and Lending
A financial institution that takes deposits, extends credit, and provides payment and financial services.
Read more about Bank.
Bank Deposit
Banking Macroeconomics
Money placed at a bank that becomes a bank liability and a depositor asset.
Read more about Bank Deposit.
Consumer Price Index
Macroeconomics Statistics
A price index tracking changes in the cost of a representative basket of consumer goods and services (a common inflation measure).
Read more about Consumer Price Index.
Disposable Income
Macroeconomics
Income available for consumption or saving after direct taxes and mandatory contributions (as defined in national accounts).
Read more about Disposable Income.
Economic Growth
Macroeconomics
A sustained increase in real output, usually measured by real GDP (often per capita) over time.
Read more about Economic Growth.
Escalator Clause
Labor Economics Macroeconomics
A contract clause that adjusts wages, rents, or prices over time using an inflation index (such as the CPI).
Read more about Escalator Clause.
Gross Domestic Product (GDP)
Macroeconomics
The market value of all final goods and services produced within a country in a given period.
Read more about Gross Domestic Product (GDP).
Increase in the Book Value of Stocks and Work in Progress
Macroeconomics
An accounting measure of inventory and work-in-progress changes; in national accounts it relates to change in inventories within investment.
Read more about Increase in the Book Value of Stocks and Work in Progress.
Juglar Cycle
Macroeconomics Economics
A medium-term business cycle, often linked to investment and credit dynamics, lasting roughly 7 to 11 years.
Read more about Juglar Cycle.
Kondratieff Cycle
Macroeconomics
A hypothesized long wave (about 40-60 years) in economic activity, often linked to major technological shifts; evidence is debated.
Read more about Kondratieff Cycle.
Maastricht Treaty
International Economics Macroeconomics
The 1992 Treaty on European Union that created the EU and set the roadmap for Economic and Monetary Union and the euro.
Read more about Maastricht Treaty.
Menu Costs
Macroeconomics Economics
The real costs firms face when changing prices, which can generate aggregate price stickiness.
Read more about Menu Costs.
Paasche Price Index
Macroeconomics Statistics
A price index that uses current-period quantities as weights to compare current prices to base-period prices.
Read more about Paasche Price Index.