Tag: nber

What does 'Illiquid' mean Illiquid refers to the state of a security or other asset that cannot easily be sold or exchanged for cash without...

DefinitionIn business, economics or investment, market liquidity is a market's feature whereby an individual or firm can quickly purchase or sell an asset without...

DefinitionJames Joseph Heckman is an American economist who is currently at the University of Chicago, where he is The Henry Schultz Distinguished Service Professor...

DefinitionJerry Allen Hausman is the John and Jennie S. MacDonald Professor of Economics at the Massachusetts Institute of Technology and a notable econometrician. He...

What is 'Unbiased Predictor' The notion that the current market price of a physical commodity (its cash price or currency) will be...

DefinitionEconomic efficiency is, roughly speaking, a situation in which nothing can be improved without something else being hurt. Depending on the context, it is...

DefinitionIn economics, specifically general equilibrium theory, a perfect market is defined by several idealizing conditions, collectively called perfect competition. In theoretical models where conditions...

What is 'Reaction' A reversal in the movement of a security's price. Reaction is most often associated with a downward movement in...

What is 'Half-Life' Half-life represents a date in the future when half of the total principal of a mortgage-backed security (MBS) will...