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divine coincidence

noun

Definitions

  1. The property of a (New Keynesian) macroeconomic model that stabilizing inflation and…

    The property of a (New Keynesian) macroeconomic model that stabilizing inflation and stabilizing the (relevant) output gap is equivalent.

    • Because credit shocks appear in the Phillips curve, the so-called divine coincidence […] does not hold, and it is not possible to achieve the global minimum of the loss function with just one policy instrument.

The neighborhood

Vish — recursive loop

No curated loop yet for divine coincidence. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA