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Intermediate Macro Economics > Notation > Flashcards

Flashcards in Notation Deck (48):
1

Overbar

denotes a parameter or exogenous value

2

denote a parameter or exogenous value

Overbar

3

star *

solution to model or steady-state value

4

solution to model or steady-state value

star *

5

(a-bar)

aggregated demand shock 

6

aggregated demand shock

(a-bar)

7

(A-bar)

total factor of productivity 

8

total factor of productivity

(A-bar)

9

(b-bar)

sensitivity of investment to interest rate

10

sensitivity of investment to interest rate

(b-bar)

11

(d-bar)

rate at which capital depreciates 

12

rate at which capital depreciates

(d-bar)

13

gx

growth rate of x 

14

growth rate of x

gx

15

i

nominal interest rate 

16

nominal interest rate

i

17

It

investment

18

investment

It

19

kt

capital per person

20

capital per person

kt

21

(o-bar)

Price shock of Phillip's Curve

22

Price shock of Phillip's Curve

(o-bar)

23

Pt

Price Level

24

Price Level

Pt

25

πt

inflation rate during the year(t)

26

inflation rate during the year(t) 

πt

27

(r-bar)

marginal product of capital

28

marginal product of capital

(r-bar)

29

Lt

Labor Force

30

Labor Force

Lt

31

Ct

consumption

32

consumption

Ct

33

(s-bar)

investment rate in the Solow Model

34

investment rate in the Solow Model

(s-bar)

35

Rt

Real interest rate

36

Real interest rate

Rt

37

w

wages

38

wages

w

39

yt

output per person

40

output per person

yt

41

(Y-bart)

potential output

42

potential output

(Y-bart)

43

(Y~t)

short-run output

44

short-run output

(Y~t)

45

46

47

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