Skip to content
- Macro-State Variable
A system-level quantity describing the state of the aggregate (e.g., stocks, flows, rates).
- Structural Parameter
A fixed or slowly changing system characteristic shaping aggregate behavior.
- Distribution
A system-level representation of how resources, outcomes, or characteristics are allocated.
- Propagation Mechanism
A channel through which disturbances or changes spread across the system.
- Law of Motion
A rule mapping current system states to future system states.
- System Boundary
A definition of what is included within the evolving system and what lies outside it.
- Aggregate Quantity Level
The total or average level of a system-wide variable.
- Flow Magnitude
The rate at which quantities move or change across the system.
- Distribution Magnitude
The degree of dispersion or composition within aggregate quantities.
- System Architecture
The arrangement of sectors, nodes, or aggregate components.
- State-Space Configuration
The geometric layout of macro-state variables defining possible system states.
- Propagation Topology
The structural pattern through which shocks or changes spread.
- Transition Dynamics
The rules governing movement between macro states.
- Adjustment Speed
The rate at which the system responds to disturbances.
- Feedback Strength
The extent to which changes amplify or dampen over time.
- Shock Propagation
The manner in which disturbances travel across aggregates.
- System Constraint
A limit applying to the system as a whole.
- Structural Parameter
A deep feature anchoring long-run system behavior.
- Conservation Law
A system-level invariant restricting allowable transitions.
- Institutional / Policy Constraint
Rules shaping aggregate behavior over time.
- Aggregate Information State
Information available at the system level affecting forecasts and expectations.
- System Uncertainty
Imperfect knowledge of current or future macro states.
- Information Dispersion
Uneven distribution of information across the system.
- System Performance Metric
A measure of how well the system is functioning.
- Stability / Resilience
The system’s ability to absorb shocks and return to equilibrium.
- Long-Run Desirability
Normative ranking of steady states or trajectories.
- Capital
The accumulated stock of productive assets constraining current and future output.
- Labor Supply
The available stock of labor input at the aggregate level.
- Debt
The accumulated stock of financial obligations within the system.
- Money Supply
The total stock of money circulating in the economy.
- Expectations
Probability distributions over future macroeconomic states or variables.
- Unemployment
The fraction or distribution of labor not currently employed.
- Productivity
A scalar efficiency factor governing how inputs are transformed into output.
- Interest Rate
The intertemporal price governing borrowing, saving, and capital allocation.
- Wage Level
The price of labor services at the aggregate level.
- Credit Conditions
Intensity constraints governing access to borrowing and lending.
- Aggregate Demand
Total planned expenditure on goods and services in the economy.
- Aggregate Output
The total flow of goods and services produced per unit time.
- Consumption
Aggregate expenditure flow by households.
- Investment
Expenditure flow adding to the capital stock.
- Inflation
The rate of change of the general price level.
- Government Spending
Fiscal expenditure flow by the public sector.
- Walrasian Balance
The closure condition requiring aggregate excess demand across markets to sum to zero.
- National Income Accounting Identity
The equality condition linking aggregate output to aggregate expenditure.
- Government Budget Consistency
The accounting relation binding public spending, taxation, debt, and interest.
- Intertemporal Solvency
The condition that the present value of aggregate expenditures equals available resources over time.
- Stock–Flow Consistency
The requirement that aggregate flows accumulate into stocks without accounting leakage.
- Growth Decomposition
The identity relation decomposing output growth into factor accumulation and productivity growth.
- Accounting Aggregation
The process by which individual or sectoral quantities are procedurally summed into system-level totals.
- Flow Accumulation
The process by which aggregate flows are translated into changes in stock variables over time.
- Budget Propagation
The process through which intertemporal budget constraints are transmitted across aggregate balances.
- Resource Summation
The process of aggregating micro-level resource uses into total system resource utilization.
- Growth Decomposition
The process by which aggregate growth is partitioned into structurally defined components.