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Rational Expectations Theory: Definition and Function | ORBITAL AFFAIRS
Rational expectations theory proposes that outcomes depend partly upon expectations borne of rationality, past experience, and available information.
OCA Theory in Economics: Examples | ORBITAL AFFAIRS
Optimum currency area (OCA) theory states that there are regions, not bounded by national borders, that should share a common currency.
Personal Income and Outlays Defined
Personal Income and Outlays is a report produced by the Bureau of Economic Analysis that tracks personal income and monthly spending.
Sovereign Credit Rating: Definition, How They Work, & Agencies
A sovereign credit rating is an independent assessment of the creditworthiness of a country or sovereign entity and how risky investing in it might...
1970s Stagflation
Stagflation is the coincidence of weak growth and elevated inflation evident in the 1970s that required monetary policy changes by the Federal Reserve.
July Inflation Cools, Despite 3.2% Year-Over-Year Uptick
Inflation is continuing to cool down, though you might not think it from the 12-month inflation rate.
Dow Jones Today: Index Surges 400 Points in Rebound
Following last week’s downward turn, the Dow Jones Industrial Average bounced back, rising 407 points, or 1.2%, as investors readied for new inflation data...