- Industry: Education
- Number of terms: 31274
- Number of blossaries: 0
- Company Profile:
A situation in which expansionary monetary policy fails to stimulate the economy. As used by Keynes (1936), this meant interest rates so low that expectations of their increase made people unwilling to hold bonds. Today it usually means a nominal interest rate so near zero that lowering it further is impossible or ineffective.
Industry:Economy
A real wage that is high enough for the worker and family to survive and remain healthy and comfortable, sometimes called meeting basic needs. Term is used in calling for higher wages in both developed and developing countries, where concepts of basic needs may be very different.
Industry:Economy
An amount, usually of money, conveyed by one to another in the expectation that it will be returned, perhaps with specified interest, at a later date. When the lender and borrower are in different countries with separate monetary and legal systems, loans bear extra risk.
Industry:Economy
An allocation that by some criterion is better than all those in its neighborhood.
Industry:Economy
A particular mathematical transformation often used to express economic variables. Advantages: 1) If a variable grows at a constant percentage rate over time, the graph of its logarithm is a straight line. 2) A small change in the logarithm of a variable is approximately its percentage change.
Industry:Economy
An agreement originally signed in 1975 committing the EU to programs of assistance and preferential treatment for the ACP Countries. The Lomé Convention was replaced by the Cotonou Agreement in June 2000.
Industry:Economy
A company that handles the trading of the stocks of around 3000 companies from over 70 countries.
Industry:Economy
An agreement reached in 1987 among the central banks of France, Germany, Japan, US, and UK to stop the decline in the value of the US dollar that they had initiated at the Plaza Accord.
Industry:Economy
A tariff set so as to raise the price of an imported good to the level of the domestic price, so as to leave domestic producers unaffected. Also called a scientific tariff.
Industry:Economy
A company in another country more than 50% of which is owned by a domestic person or company; thus one form of foreign direct investment.
Industry:Economy
