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growth recession (E3)<br />A downturn in an economic CYCLE when an ECONOMY is still enjoying modest economic growth.
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MCM (C5)<br />The multicountry econometric model used by the US Federal Reserve Board, covering the USA, Canada, Japan, the UK, Germany and the rest of the world.<br /><em>See also:</em> linkage models <br /><em>Reference</em><br />Howe, H.E., Hernandez-Cata, E., Stevens, G., Berner, R., Clark, P. and Kwack, S.Y (1981) 'Assessing international interdependence with a multi-country model', Journal of Econometrics 15: 65-92.
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