Economic Notation Flashcards

1
Q

Overbar

A

denotes a parameter or exogenous value

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

denote a parameter or exogenous value

A

Overbar

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

star *

A

solution to model or steady-state value

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

solution to model or steady-state value

A

star *

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

(a-bar)

A

aggregated demand shock

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

aggregated demand shock

A

(a-bar)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

(A-bar)

A

total factor of productivity

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

total factor of productivity

A

(A-bar)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

(b-bar)

A

sensitivity of investment to interest rate

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

sensitivity of investment to interest rate

A

(b-bar)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

(d-bar)

A

rate at which capital depreciates

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

rate at which capital depreciates

A

(d-bar)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

gx

A

growth rate of x

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

growth rate of x

A

gx

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

i

A

nominal interest rate

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

nominal interest rate

A

i

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

It

A

investment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

investment

A

It

19
Q

kt

A

capital per person

20
Q

capital per person

A

kt

21
Q

(o-bar)

A

Price shock of Phillip’s Curve

22
Q

Price shock of Phillip’s Curve

A

(o-bar)

23
Q

Pt

A

Price Level

24
Q

Price Level

A

Pt

25
Q

πt

A

inflation rate during the year(t)

26
Q

inflation rate during the year(t)

A

πt

27
Q

(r-bar)

A

marginal product of capital

28
Q

marginal product of capital

A

(r-bar)

29
Q

Lt

A

Labor Force

30
Q

Labor Force

A

Lt

31
Q

Ct

A

consumption

32
Q

consumption

A

Ct

33
Q

(s-bar)

A

investment rate in the Solow Model

34
Q

investment rate in the Solow Model

A

(s-bar)

35
Q

Rt

A

Real interest rate

36
Q

Real interest rate

A

Rt

37
Q

w

A

wages

38
Q

wages

A

w

39
Q

yt

A

output per person

40
Q

output per person

A

yt

41
Q

(Y-bart)

A

potential output

42
Q

potential output

A

(Y-bart)

43
Q

(Y~t)

A

short-run output

44
Q

short-run output

A

(Y~t)