Tag: nber

What is 'Bad Paper' Unsecured short-term fixed income instrument that is issued either by a corporation, city, state or country, that has...

What are 'Balance Sheet Reserves' Balance sheet reserves refer to the amount expressed as a liability on the insurance company's balance sheet...

Currency carry trade refers to a strategy that is used by investors to sell currencies with low interest rates and purchase currencies with a...

What is 'Paper Trade' A paper trade refers to using simulated trading to practice buying and selling securities without actual money being...

Definition The Great Recession was a period of general economic decline observed in world markets during the late 2000s and early 2010s. The scale and...

Definition A financial process is said to be tax efficient if it is taxed at a lower rate than an alternative financial process that achieves...

DefinitionDaniel Little McFadden is an American econometrician who shared the 2000 Nobel Memorial Prize in Economic Sciences with James Heckman. McFadden's share of the...

Diversification is a technique that deals with risk management by mixing a wide range of investments in a single portfolio in hope that the...

DefinitionUnderemployment is the under-use of a worker due to a job that does not use the worker's skills, or is part time, or leaves...

DefinitionThe business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product around its...