EDWARD C. PRESCOTT
American economist who received the 2004 Nobel Memorial Prize in Economics, together with Norwegian economist Finn Kydland, for his work on macroeconomic analysis of the business cycle and economic policy. Alongside Kydland, he disputed the Keynesian view of the business cycle in his 1982 paper. In their 1977 paper, both became popular for outlining the time inconsistency problems in economic policies.
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Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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