35 relations: Aggregation problem, Amartya Sen, Bureau of Labor Statistics, Classical dichotomy, Constant purchasing power accounting, Consumer price index, Cost-of-living index, Cross-sectional data, Deflation, Economics, Federal Reserve Bank of Dallas, Financial asset, Financial repression, Fisher equation, Goods, Gross domestic product, Index (economics), Inflation, Inflation accounting, Interest, Money illusion, National accounts, National Income and Product Accounts, Neutrality of money, Nominal interest rate, Numéraire, Price index, Purchasing power, Real interest rate, Real prices and ideal prices, S&P Global, Taylor series, The New Palgrave Dictionary of Economics, The Wealth of Nations, Time series.
An aggregate in economics is a summary measure describing a market or economy.
Amartya Kumar Sen, CH, FBA (born 3 November 1933) is an Indian economist and philosopher, who since 1972 has taught and worked in India, the United Kingdom, and the United States.
The Bureau of Labor Statistics (BLS) is a unit of the United States Department of Labor.
In macroeconomics, the classical dichotomy is the idea, attributed to classical and pre-Keynesian economics, that real and nominal variables can be analyzed separately.
Constant purchasing power accounting (CPPA) is an accounting model approved by the International Accounting Standards Board (IASB) as an alternative to traditional historical cost accounting under hyper-inflationary environments.
A consumer price index (CPI) measures changes in the price level of of and purchased by households.
A cost-of-living index is a theoretical price index that measures relative cost of living over time or regions.
Cross-sectional data, or a cross section of a study population, in statistics and econometrics is a type of data collected by observing many subjects (such as individuals, firms, countries, or regions) at the same point of time, or without regard to differences in time.
In economics, deflation is a decrease in the general price level of goods and services.
Economics is the social science that studies the production, distribution, and consumption of goods and services.
The Federal Reserve Bank of Dallas covers the Eleventh Federal Reserve District, which includes Texas, northern Louisiana and southern New Mexico, a district sometimes referred to as the Oil Patch.
A financial asset is a non-physical asset whose value is derived from a contractual claim, such as bank deposits, bonds, and stocks.
Financial repression comprises "policies that result in savers earning returns below the rate of inflation" in order to allow banks to "provide cheap loans to companies and governments, reducing the burden of repayments".
The Fisher equation in financial mathematics and economics estimates the relationship between nominal and real interest rates under inflation.
In economics, goods are materials that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product.
Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time.
In economics and finance, an index is a statistical measure of changes in a representative group of individual data points.
In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.
Inflation accounting comprises a range of accounting models designed to correct problems arising from historical cost accounting in the presence of high inflation and hyperinflation.
Interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (i.e., the amount borrowed), at a particular rate.
In economics, money illusion, or price illusion, is the tendency of people to think of currency in nominal, rather than real, terms.
National accounts or national account systems (NAS) are the implementation of complete and consistent accounting techniques for measuring the economic activity of a nation.
The national income and product accounts (NIPA) are part of the national accounts of the United States.
Neutrality of money is the idea that a change in the stock of money affects only nominal variables in the economy such as prices, wages, and exchange rates, with no effect on real variables, like employment, real GDP, and real consumption.
In finance and economics, the nominal interest rate or nominal rate of interest is either of two distinct things.
The numéraire (or numeraire) is a basic standard by which value is computed.
A price index (plural: “price indices” or “price indexes”) is a normalized average (typically a weighted average) of price relatives for a given class of goods or services in a given region, during a given interval of time.
Purchasing power (sometimes retroactively called adjusted for inflation) is the number and quality or value of goods and services that can be purchased with a unit of currency.
The real interest rate is the rate of interest an investor, saver or lender receives (or expects to receive) after allowing for inflation.
The distinction between real prices and ideal prices is a distinction between actual prices paid for products, services, assets and labour (the money that actually changes hands), and computed prices which are not actually charged or paid in market trade, although they may facilitate trade.
S&P Global Inc. (prior to April 2016 McGraw Hill Financial, Inc., and prior to 2013 McGraw Hill Companies) is an American publicly traded corporation headquartered in New York City.
In mathematics, a Taylor series is a representation of a function as an infinite sum of terms that are calculated from the values of the function's derivatives at a single point.
The New Palgrave Dictionary of Economics (2008), 2nd ed., is an eight-volume reference work on economics, edited by Steven N. Durlauf and Lawrence E. Blume and published by Palgrave Macmillan.
An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith.
A time series is a series of data points indexed (or listed or graphed) in time order.
Absolute price, Adjusted for inflation, Adjusted-for-inflation, Inflation adjustment, Nominal (economics), Nominal and real variables, Nominal cost, Nominal dollars, Nominal fee, Nominal money, Nominal price, Nominal quote, Nominal value, Price and quantity, Prices and quantities, Quantities and prices, Real (economics), Real and nominal variables, Real dollar, Real dollars, Real price, Real terms, Real versus nominal in economics, Real vs. nominal in economics, Real vs. nominal value.