Generally this glossary lists the most common uses and meanings.
If you hear or read a term which does not make sense according to the definition in this dictionary, check elsewhere or ask the person what he/she meant.
Emmanuel Farhi (Harvard University and CEPR) and Michael Woodford (Columbia University and CEPR) have confirmed their attendance.
Using a New Keynesian model with learning dynamics, this course builds an analytical framework for monetary policy evaluation that is consistent with the pervasive evidence of low-frequency variation in macroeconomic data.
If you can't find a term try the search box at the top of the page.
Recession happens when the economy starts to slow down.
Some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations.
But the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.
People do not always use terminology correctly, which means it's very important to seek clarification when you hear a strange term.
Seeking clarification can be helpful for others too who might not be so bold as to ask. Please note that UK-English spellings for words such as colour, behaviour are different to US-English spellings (color, behavior).