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Economics
basics of economics
Industry: Economy
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Economics
medium term
Economy; Economics
Somewhere between short-termism, which is bad, and the long run, lies the hallowed ground of the medium term – far enough away to discourage myopic behavior by decision makers but close enough to be ...
currency board
Economy; Economics
A means by which some countries try to defend their currency from speculative attack. A country that introduces a currency board commits itself to converting its domestic currency on demand at a ...
moral hazard
Economy; Economics
One of two main sorts of market failure often associated with the provision of insurance. The other is adverse selection. Moral hazard means that people with insurance may take greater risks than ...
liberalization
Economy; Economics
A policy of promoting liberal economics by limiting the role of government to the things it can do to help the market economy work efficiently. This can include privatization and deregulation.
fiscal consolidation
Economy; Economics
Policy aimed at reducing government deficits and debt accumulation.