Word Pronunciation & Dictionary

divine coincidence

Word Rarity Rare

Frequency: Zipf frequency 3.78 in modern English

Syllables: di-vine -co-in-ci-dence
IPA

28

Scrabble Score

17

Letters

6

Syllables

7

Unique Chars

Meaning

noun

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

Countable; Uncountable

Example Sentences

"In [the standard new Keynesian framework], stabilizing inflation is equivalent to stabilizing the welfare-relevant output gap. In this paper, we argue that this property of the new Keynesian framework, which we call the divine coincidence, is due to a special feature of the model […]"
"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."

Usage

Inflected Forms

divine coincidences (plural)

Questions

What does divine coincidence mean?: The property of a (New Keynesian) macroeconomic model that stabilizing inflation and stabilizing the (relevant) output gap is equivalent.

How to pronounce divine coincidence

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