Glossary
Macro terms, data terms, and platform terms in one place
Search matches term names, aliases, categories, and definitions.
Platform-specific workflow terms are marked separately from standard macro vocabulary.
Macro foundations
The total amount of goods and services firms are willing to produce at a given overall price level.
The horizon where capacity, productivity, demographics, and institutions matter more than short-run frictions.
The difference between actual output and an estimate of potential output.
The level of output the economy can sustain without persistent inflation pressure.
Growth and output
The share of productive capacity currently being used, often watched as a pressure or slowdown signal.
The economy's longer-run growth pace once temporary cyclical forces are stripped away.
How much output can be produced from a given mix of labor, capital, and know-how.
The slower-moving pace of expansion consistent with longer-run productivity and labor-force fundamentals.
