Taylor Rule - Definition and Meaning
A monetary policy rule that postulates how a central bank determines interest rates based on deviations in inflation and output gap from their target values.
Take-Up Rate
The proportion of those entitled to a benefit who actually claim it
Takeover Bid
An offer to purchase all the shares of a company, thereby acquiring control of it.
Tick
The minimum movement of the price of a security in a financial market.
Total Domestic Expenditure
An essential term in macroeconomics that aggregates consumer expenditure, government final consumption, and gross domestic capital formation without deductions for imports or capital consumption.
Transfer Pricing
The practice of setting prices for goods and services exchanged between the divisions or entities of the same multinational organization.
Transitive Relation
A transitive relation is a relationship between elements where if element A is related to element B and element B is related to element C, then element A is also related to element C.
Two-tailed Test
A comprehensive overview of the two-tailed test in the context of statistical hypothesis testing.
Tax Shelter
An arrangement by which part of a person's income is protected from taxes.
Tax Schedule
The relationship between taxable activity and tax liability.
Technological Unemployment
Unemployment arising from advancements in technology leading to redundancy in certain job types.