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Last updated 5:12 AM on 8/10/26
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10 Terms

1
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Spending Multiplier

1.59 (Romer & Bernstein)

2
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Tax multiplier

0.99 (Romer and Bernstein)

3
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Tax austerity

2-3x contraction (Alesina)

4
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Spending Austerity

0.1-0.7 contraction (Alesina)

5
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Tariff Elasticity

0.5-0.8 volume compression (IMF)

6
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Currency Offset

1:1 tariff to appreciation (IMF)

7
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Hysteresis Scarring

0.16 structural footprint (Ball & Onken)

8
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Carbon Price

$75 - $85 USD floor (IMF)

9
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Developing pass through (ERPT)

0.2 - 0.3 inflation spike (Carriere-Swallow et al.)

10
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Labour markdown

0.8 wage exploitation (Sokolova and Sorenson)