Shock
A change in conditions, policy, expectations, or prices that pushes the economy away from its prior path.
No alternate label listed.
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
A change in conditions, policy, expectations, or prices that pushes the economy away from its prior path.
Models and projections
Setting model parameters to reference values or stylized facts rather than estimating every one directly from data.
A parameter belief or reference distribution specified before the estimation step updates it with data.