Koyck transformation
A method used to transform an infinite geometric lag model into a finite model with a lagged dependent variable.
Kalman Filter
A recursive algorithm for optimal estimation and prediction of state variables in a stochastic process.
Kennedy Round
A round of international trade talks held under the General Agreement on Tariffs and Trade (GATT) in 1964-1967.
Kernel in Econometrics
Understanding the role and application of kernels in econometric analysis
Kernel Regression
Non-parametric regression method using kernel functions to predict dependent variable values.
Keynes Plan
A set of proposals for international monetary institutions by John Maynard Keynes during the Bretton Woods negotiations in 1944.
Keynesian Economics
An economic theory focusing on the role of aggregate demand in influencing economic outcomes, developed by John Maynard Keynes in the 1930s.
Kinked Demand Curve
An in-depth look at the kinked demand curve, detailing its implications for pricing strategy and market behavior.
Kleptocracy
The term Kleptocracy refers to a government characterized by rampant corruption and embezzlement for the enrichment of its officials and elite.
Know-How
Practical economic knowledge enabling firms to achieve results through technical know-how and organizational skills.
Know-How Fund
A UK government initiative providing technical assistance to Eastern Europe and former Soviet Union countries transitioning to market economies.