Tag: policy
Okun Gap
DefinitionIn economics, Okun's law is an empirically observed relationship between unemployment and losses in a country's production. The "gap version" states that for every...
Backorder Costs
What is 'Backorder Costs' A cost incurred by a business when it is unable to fill an order and must complete it...
Japanese Housewives
What is 'Japanese Housewives' Japanese housewives, in the foreign exchange world, is a collective term for the legions of Japanese matriarchs who...
James Tobin
What is 'James Tobin' An American economist who won the Nobel Memorial Prize in Economics in 1981 for his analysis of financial...
Japan Inc.
What is 'Japan Inc.' A nickname for the corporate world of Japan that came about during the 1980s boom, when Western business...
Job Footprint
What is 'Job Footprint' The scope and range of an employee's duties while under a company's employ. A secretary's job footprint might...
James J. Heckman
DefinitionJames Joseph Heckman is an American economist who is currently at the University of Chicago, where he is The Henry Schultz Distinguished Service Professor...
John B. Taylor
John B. Taylor's life and career
John B. Taylor is a senior fellow at the Hoover Institution and the Mary and Robert Raymond Professor of...
Jan Tinbergen
DefinitionJan Tinbergen was an important Dutch economist. He was awarded the first Nobel Memorial Prize in Economic Sciences in 1969, which he shared with...
Jeffrey Sachs
DefinitionJeffrey David Sachs is an American economist and director of the Earth Institute at Columbia University, where he holds the title of University Professor,...