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The New Palgrave Dictionary of Economics (2008, 2nd ed.) also uses the JEL codes to classify its entries in v. 8, Subject Index, including Financial Economics at pp. 863–64. The below have links to entry abstracts of The New Palgrave Online for each primary or secondary JEL category (10 or fewer per page, similar to Google searches):
The principal balance, in regard to a mortgage, loan, or other instrument of debt, is the amount due and owed to satisfy the payoff of an underlying obligation.
"principal" is the amount of funds assumed to have been deposited at the beginning of the account, "interest" is the total dollar amount of interest earned on the Principal for the term of the account, "days in term" is the actual number of days in the term of the account.
According to Don Patinkin, the concept of monetary neutrality goes back as far as David Hume.The term itself was first used by continental economists beginning at the turn of the 20th century, and exploded as a special topic in the English language economic literature upon Friedrich Hayek's introduction of the term [4] and concept in his famous 1931 LSE lectures published as Prices and ...
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited, or borrowed.
Models include simple theoretical models, often containing only a few equations, used in teaching and research to highlight key basic principles, and larger applied quantitative models used by e.g. governments, central banks, think tanks and international organisations to predict effects of changes in economic policy or other exogenous factors ...
The term agent is also used in relation to principal–agent models; in this case, it refers specifically to someone delegated to act on behalf of a principal. [ 3 ] In agent-based computational economics , corresponding agents are "computational objects modeled as interacting according to rules" over space and time, not real people.
Alfred Marshall provided a still widely cited definition in his textbook Principles of Economics (1890) that extended analysis beyond wealth and from the societal to the microeconomic level: Economics is a study of man in the ordinary business of life. It enquires how he gets his income and how he uses it.