Macroeconomics/Related Articles
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Glossary
(For definitions not shown below, see the economics glossary [1])
- Automatic stabilisers [r]: the tendency in times of falling economic activity for the government spending to rise, and for tax receipts to fall - and the reverse tendency in times of rising economic activity [e]
- Credit crunch [r]: the failure of the banking system to satisfy the economy's need for credit. [e]
- Deflation [r]: a persistent sequence of reductions in the general level of prices. [e]
- Fiscal stimulus [r]: a reduction in taxation for the purpose of raising economic output, or an increase in government spending for that purpose. [e]
- IS-LM model [r]: Model of simultaneous equilibrium in the product and money markets - shown graphically as two intersecting interest rate/spending graphs, one depicting the investment/savings (I/S) relation and the other the liquidity/money (L/M) supply relation (also known as the Hicks-Hansen model). [e]
- Output gap [r]: the percentage difference between the current value of the output of an economy, and that economy's normal output trend. [e]
- Quantitative easing [r]: Add brief definition or description
- Supply-side measures [r]: measures taken with the purpose of increasing a country's economic efficiency, e.g. by removing barriers to competition or counter market failures. [e]