Macroeconomics/Related Articles

See also changes related to Macroeconomics, or pages that link to Macroeconomics or to this page or whose text contains "Macroeconomics".

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Index

See the economics index for an index to topics referred to in the economics articles.

Parent articles

Economics

Subtopics

Keynesianism, IS-LM model, monetarism,

Related topics

Banking, Money supply, Public expenditure, Fiscal policy, Taxation

Glossary

Five other glossaries are available:

• the economics glossary
• the banking glossary
• the finance glossary
• the international economics glossary
• the monetary policy glossary

• 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]
• Crowding out [r]: A fall in private sector investment resulting from an increase in government borrowing. ^[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]
• General equilibrium [r]: A hypothetical state of a set of inter-related markets such that there is no excess supply nor excess demand in any market (see Equilibrium and disequilibrium). ^[e]
• Hicks-Hansen model [r]: a 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 IS-LM model). ^[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]
• Liquidity preference [r]: A desire to hold money in preference to other financial assets that is attributable to the transactions motive, the speculative motive or the precautionary motive. ^[e]
• Liquidity trap [r]: a state of the economy in which an expansionary monetary policy has no effect upon output. ^[e]
• Phillips curve [r]: A proposed inverse relationship between the inflation rate and the unemployment rate (that was found to lack empirical support and was replaced in the economics consensus by the expectations-augmented Phillips curve). ^[e]
• Non-accelerating-inflation rate of unemployment [r]: The unemployment rate at which the expected inflation rate is the same as the actual inflation rate ^[e]
• Precautionary motive [r]: A wish to hold money to meet unforeseen demands for monetary payments. ^[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
• Shock (economics) [r]: An event that causes a change of expectations, as a result of which there are changes of economic activity that displace the economy from its previous path. ^[e]
• Supply shock [r]: A sudden change in the price or availability of goods or services - such as might result from an earthquake or an increase in the oil price. ^[e]
• 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]