Steady state


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Steady state

As an MBS pool ages, or four to six months after component mortgages have passed at least once the threshold for refinancing, the prepayment speed tends to stabilize within a fairly steady range.

Steady State

1. Describing an economy that is neither growing nor shrinking. While this is not technically a recession, a steady state economy is not generally considered desirable.

2. See: equilibrium.
References in periodicals archive ?
These values of mean are used as the initial centroids for the clusters representing the faulty and healthy conditions at steady state and startup transient.
Faster recovery - Steady state cardio is easier to do, hence it's not too taxing on the body.
By decreasing the injection interval from 28 days to 21 days, the concentrations will increase to a new steady state. This will take the same 132 days.
We compared the response of model variables to productivity shocks when these shocks occurred in the steady state, which is characteristic of a developed country, versus when they occurred along the transitional path, which is characteristic of a developing country.
Using measurements of fuel rail pressure and commanded fuel injection duration from the steady state mapping, the relationship can be accurately characterized for analyzing short duration transient events.
The stationary steady state population distribution [??] is the eigenvector w with eigen-value [1+[[??].sub.n]) of the matrix [ohm] that satisfies the following version of (A.1.3).
This has been interpreted as evidence for the importance of blood flow and oxygen delivery to contracting muscle to the pulmonary V[O.sub.2] kinetic response to exercise transitions within the steady state (<VT intensity) range (22,23).
Note that if [[beta].sub.0c] = 0, [gamma][tau] lies in a smaller range than if [[beta].sub.0c] > 0 for the nontrivial steady state to exist.
In Section 4, we present the corresponding steady state filters.
The Steady State. This section characterizes the long-term pricing strategy of the firm facing loss-neutralconsumers with demand given by Assumption 1 where [[beta].sub.2] = [[beta].sub.3].
When the line describing the Taylor-type policy rule crosses the Fisher relation, we say there is a steady state at which the policymaker no longer wishes to raise or lower the policy rate, and, simultaneously, the private sector expects the current rate of inflation to prevail in the future.
This exposition identifies steady state levels of K and Y per efficiency unit.