《经济学人》常用术语

Regulations designed to prevent money from moving across borders.

A financial model that relates the return of an asset class to its riskiness.

In international trade, the component of the balance of payments that comprises financial transactions, such as foreign direct investment.

A word that serves a lot of purposes in economics.

A sudden economic contraction, also known as a recession.

Another term to describe the way that economies tend to expand and contract over time.

When companies in an industrial sector gather in a specific area, such as technology companies in Silicon Valley.

Investor who expects the price of an asset or assets in general to rise.

The annual process through which a government sets out its spending plans and tax measures.

The concept that asset prices can rise far higher than can be justified by their fundamentals, such as the expected cashflows that will derive from them.

Location in New Hampshire of a conference in 1944 which decided the post-war economic order.

A theory which assumes that, while individuals try to act rationally, there is a limit to the amount of information they may have, or can absorb.