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1. The interest rate on any financial instrument of short maturity. 2. Denoted STIR, a particular financial instrument that is a futures contract on a short term interest rate, often a 3-month interest rate in any of a variety of currencies.
Industry:Economy
1. Happening within the short run, or within a matter of months. 2. In the case of bonds or capital flows, this refers to financial assets with a maturity of less than one year.
Industry:Economy
A capital flow that is short-term; of interest because such capital flows are likely to be very liquid and therefore easily reversed and sources of instability in exchange markets.
Industry:Economy
1. Of an equilibrium, that the dynamic adjustment away from equilibrium converges to the equilibrium. 2. Of an economic variable, not subject to large or erratic fluctuations.
Industry:Economy
A common measure of the dispersion of a random variable or of a sample of data. Defined as the square root of the variance.
Industry:Economy
1. Conformity to a common set of specifications, so that all units of a product, from a given producer or from multiple producers, are compatible and can serve the same purpose. 2. Conformity to an exacting set of specifications with regard to quality, such as the ISO9000 standards established maintained by the International Organization for Standardization.
Industry:Economy
1. Any objective of economic policy. 2. The value of an economic variable that policy makers regard as ideal and use as the basis for setting policy. Contrasts with instrument. 3. The level of an exchange rate that guides exchange market intervention by a central bank or exchange stabilization fund.
Industry:Economy
A tax on trade, usually an import tariff but sometimes used to denote an export tax. Tariffs may be ad valorem or specific.
Industry:Economy
1. A specific method of production, using a particular combination of inputs. 2. A point on an isoquant.
Industry:Economy
