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Juglar cycle (E3)<br />A cycle in economic activity lasting seven to eleven years. It was first identified by Clement Juglar (1819-1905) in 1862. He noticed such cycles in prices, interest rates and central bank balances.<br /><em>See also:</em> Kitchin cycle; Kondratieff cycle; Kuznets cycle<br /><em>Reference</em><br />Juglar, C. (1862) Les Crises Commerciales et leur Retour Periodique en France, en Angleterre et aux Etats Unis, English trans. by W. Thorn from the 3rd edn, 1916 (reprinted Farnborough: Gregg Press, 1968).
<strong>FANG</strong> – Financial Aid Noon Group, the mid-Missouri group of financial aid officers. FANG normally meets several times a year in Columbia.
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<strong>Missouri Higher Education Loan Authority (MOHELA)</strong> – Missouri' s designated FFEL Program secondary market. MOHELA, a non-profit quasi-governmental entity, originates, disburses, services, and purchases FFEL Program loans. MOHELA was created more than 20 years ago and is headquartered in Chesterfield, Missouri.
equity premium (G1)<br />The excess of the average real return to stock market securities over the interest rate on treasury bills. In the USA this has been about 6 per cent for 100 years.<br /> <br /><em>Reference</em><br />Kocherlakota, N.R. (1996) 'The equity premium: it's still a puzzle', Journal of Economic Literature 34: 42-71.<br /> Mehra, R. and Prescott, E.C. (1985) 'The equity premium: a puzzle', Journal of Monetary Economics 15: 145-61.
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