Construct · 1 fields · 1 citations

plucking model: a standalone construct

One name. One construct. A landmark on the map.

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Macroeconomics

the view that output is plucked down below a ceiling of potential in recessions, so the size of a contraction predicts the next expansion but not the reverse.

In macroeconomics, plucking model refers to the view that output is plucked down below a ceiling of potential in recessions, so the size of a contraction predicts the next expansion but not the reverse. This meaning comes from Friedman (1993) in Economic Inquiry.[1]

Unit
Recovery means
Measured by

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Nearby constructs

ceiling4 fields · 8 citationsjingle · one word, four constructs contraction4 fields · 4 citationsjingle · one word, four constructs expansion4 fields · 4 citationsjingle · one word, four expansions

References

Friedman, M. (1993). The “plucking Model” of Business Fluctuations Revisited. Economic Inquiry, 31(2), 171-177. https://doi.org/10.1111/j.1465-7295.1993.tb00874.x

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