Monetary Rule
A systematic rule used by a central bank to determine its choice of monetary policy.
Mortgage-Backed Security
Debt obligations that represent a claim on the cash flow from a pool of mortgage loans, typically on residential properties.
Economic Model
A simplified system used to simulate some aspects of the real economy, essential for understanding economic phenomena and policy implications.
M0 - Definition and Meaning
The narrowest definition of the money supply, including notes and coin in circulation, banks' till money, and balances with the central bank.
M1 - Definition and Meaning
An examination of M1 as a measure of the money supply, including its components and significance in different economies.
M2 - Definitions and Meaning
A detailed look into the definition, components, and significance of M2 as a measure of money supply in various economies.
M3 - Definition and Meaning
A comprehensive definition of M3 and its implications in the context of broader money supply definitions.
Macroeconometrics
The branch of econometrics that has developed tools specifically designed to analyze macroeconomic data.
Macroeconomic Trilemma
An exploration of the macroeconomic trilemma, balancing exchange rate stability, monetary policy independence, and capital market openness in an open economy.