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Definitions (1434)
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weak form Can refer to the weak form of the efficient markets hypothesis, which is that any information in the past prices of a security are fully reflected in its current price. Fama (1991) broadens the category of tests of the weak form hypothesis under the name of 'test for return predictability.' [..]
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superneutrality Money in a model 'is said to be superneutral if changes in [nominal] money growth have no effect on the real equilibrium.' Contrast neutrality.
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strip financing Corporate financing by selling "stapled" packages of securities together that cannot be sold separately. E.g., if a firm might sell bonds only in a package that includes a standard proportion of senior subordinated debt, convertible debt, preferred, and common stock. A benefit is r [..]
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stabilization policy 'Macroeconomic stabilization policy consists of all the actions taken by governments to (1) keep inflation low and stable; and (2) keep the shortrun (business cycle) fluctuations in output and employment small.' Includes monetary and fiscal policies, international and exchange rate policy [..]
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quango Stands for quasinongovernmental organization, such as the U.S. Federal Reserve. The term is British.
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OLS Ordinary Least Squares, the standard linear regression procedure. One estimates a parameter from data and applying the linear model y = Xb + e where y is the dependent variable or vector, X is a matrix of independent variables, b is a vector of parameters to be estimated, and e is a vector of errors [..]
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natural increase population increase due to more births and less mortality
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double coincidence of wants phrasing from Jevons (1893). "[T]he first difficulty in barter is to find two persons whose disposable possessions mutually suit each other's wants. There may be many people wanting, and many possessing those things wanted; but to allow of an act of barter there must be a double coinci [..]
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ceteris paribus means "assuming all else is held constant". The author is attempting to distinguish an effect of one kind of change from any others.
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zerosum game A game in which total winnings and total losings sum to zero for each possible outcome.
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