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 study of economy-wide output, inflation, employment, finance, policy, and how shocks move through them together.
A change in conditions, policy, expectations, or prices that pushes the economy away from its prior path.
The chain through which a shock or policy move spreads into output, prices, jobs, credit, and expectations.
Prices and inflation
Slow adjustment in prices or wages that lets shocks have real short-run effects.
A BLS price index tracking prices received by producers.
A price move concentrated in one part of the economy, such as energy, food, or shipping, rather than a broad inflation shift.
A period when inflation stays elevated while growth weakens and labor-market conditions soften.
A disruption to production costs, availability, or capacity that changes prices and output together.
Models and projections
A model-based path showing what the economy might have looked like under different shocks, rules, or assumptions.
A structural macro model with explicit behavior, equilibrium conditions, shocks, and policy rules.
The path a model variable follows after a particular shock.
A DSGE benchmark that emphasizes real shocks, flexible prices, and intertemporal adjustment.
An explicit alternative path created by changing assumptions, shocks, or policy settings.
Institutions and sources
The U.S. agency that publishes official energy production, consumption, and pricing data.
