Outside lag

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In economics, an outside lag is the amount of time it takes for a government or central bank's actions, in the form of either monetary or fiscal policy, to have a visible effect on the economy.[1] Its converse is inside lag.

References[edit]

  1. ^ N. Gregory Mankiw, William Scarth (2008). MACROeconomics. New York, NY: Worth. p. 621. ISBN 978-0-7167-6132-7.