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AMERICAN ECONOMIC ASSOCIATION: An organization of over 25,000 professional economists. Founded in 1885, this premier top-of-the-economic-association-list publishes the prestigious American Economic Review, arguably THE number one scholarly U.S. economic journal and the Journal of Economic Literature, arguably THE number one index of economic journal publications. The AEA, as acronymically inclined economists call it, also sponsors an annual conference where professional economists present scholarly papers on their latest scholarly research.
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Lesson 20: Federal Reserve System | Unit 1: The Fed
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Page: 1 of 20
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A key player in the medieval money game: Clarence the King. Clarence is the government regulator. Because Fred practices fractional-reserve banking like modern banks, he has a problem: - Several knights redeem their gold receipts at the same time, but Fred does not have sufficient reserves.
- King Clarence provides Fred with enough gold to satisfy the knights.
- If Fred's banking operation ceases to exist, economic prosperity is also in jeopardy.
- King Clarence decides to watch Fred to make sure that he keeps enough gold in reserve to avoid similar problems.
This is how King Clarence sort of 'discovers' the regulatory function of the modern banking system.
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GOVERNMENT SUBSIDIES Transfer payments from the government sector to the business sector that do not involve current production. This is one component of the official entry government subsidies less current surplus of government enterprises found in the National Income and Product Accounts maintained by the Bureau of Economic Analysis that separates national income (the resource cost of production) and gross (and net) domestic product (the market value of production).
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BEIGE MUNDORTLE
[What's This?]
Today, you are likely to spend a great deal of time flipping through the yellow pages wanting to buy either a replacement washer for your kitchen faucet or a stretchable, flexible watch band. Be on the lookout for slightly overweight pizza delivery guys.
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This isn't me! What am I?
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A half gallon milk jug holds about $50 in pennies.
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"The past is a foreign country; they do things differently there." -- Leslie Poles Hartley, Writer
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EGARCH
Exponential Generalized Autoregressive Conditional Heteroskedasticity
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