Long run
The horizon where capacity, productivity, demographics, and institutions matter more than short-run frictions.
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
The horizon where capacity, productivity, demographics, and institutions matter more than short-run frictions.
Growth and output
Growth in capital per worker, which can raise labor productivity and output.
How much output can be produced from a given mix of labor, capital, and know-how.
The part of output growth not directly explained by measured labor and capital inputs.
The slower-moving pace of expansion consistent with longer-run productivity and labor-force fundamentals.