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The Taylor rule is a monetary policy targeting rule. The rule was proposed in 1992 by American economist John B. Taylor [1] for central banks to use to stabilize economic activity by appropriately setting short-term interest rates. [2] The rule considers the federal funds rate, the price level and changes in real income. [3] The Taylor rule computes the optimal federal funds rate based on the ...
The Phillips curve is a representation of the relationship between unemployment and inflation in the macroeconomy, where a tradeoff between low unemployment and price stability exists. [1] Identified by economist Bill Phillips, the curve shows a relationship between lowering unemployment with increasing wages in an economy. [2] While Phillips did not directly link employment and inflation ...
Modern Monetary Theory or Modern Money Theory (MMT) is a heterodox [1] macroeconomic theory that describes the nature of money [2] within a fiat, floating exchange rate system. [3] MMT synthesizes ideas from the state theory of money of Georg Friedrich Knapp (also known as chartalism) and the credit theory of money of Alfred Mitchell-Innes, the functional finance proposals of Abba Lerner ...
Sultan Kudarat, officially the Province of Sultan Kudarat (Hiligaynon: Kapuoran sang Sultan Kudarat; Maguindanaon: Dairat nu Sultan Kudarat, Jawi: دايرت نو سولتان كودرت; Cebuano: Lalawigan sa Sultan Kudarat; Ilocano: Probinsia ti Sultan Kudarat; Filipino: Lalawigan ng Sultan Kudarat), is a province in the Philippines located in the Soccsksargen region in Mindanao. According ...
Joel Solomon Goldsmith (March 10, 1892 – June 17, 1964) was an American spiritual teacher, author, spiritual healer and modern-day mystic. His teachings, in the form of dozens of books and more than 1,300 hours of recorded class instruction were known as The Message of The Infinite Way, which became the basis of a worldwide spiritual path ...
India's Got Latent was an Indian Hindi -language talent show hosted by Samay Raina on YouTube from 2024 to 2025. [1] Inspired by the international Got Talent franchise and Kill Tony, it featured a wide variety of acts including singing, dancing, magic, and comedy. [2] The show was eventually called off by Raina and all episodes were made private on YouTube on February 12, 2025 after a ...
In economics, implicit contracts refer to voluntary and self-enforcing long term agreements made between two parties regarding the future exchange of goods or services. Implicit contracts theory was first developed to explain why there are quantity adjustments (layoffs) instead of price adjustments (falling wages) in the labor market during recessions. [1] The origins of implicit-contract ...
In macroeconomics, an open market operation (OMO) is an activity by a central bank to exchange liquidity in its currency with a bank or a group of banks. The central bank can either transact government bonds and other financial assets in the open market or enter into a repurchase agreement or secured lending transaction with a commercial bank. The latter option, often preferred by central ...