What does lower bound mean?
Definitions for lower bound
lower bound
This dictionary definitions page includes all the possible meanings, example usage and translations of the word lower bound.
Princeton's WordNet
lower boundnoun
(mathematics) a number equal to or less than any other number in a given set
ChatGPT
lower bound
In mathematics, a lower bound is defined as a number that is less than or equal to all numbers in a particular set. In simpler terms, it's the smallest number possible within a given set. More specifically, it may refer to a "greatest lower bound" (also called an infimum), which is the largest number that is still considered a lower bound of the specific set. This concept is used in various areas of mathematics including calculus, set theory, and analysis.
Numerology
Chaldean Numerology
The numerical value of lower bound in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of lower bound in Pythagorean Numerology is: 3
Examples of lower bound in a Sentence
If global real interest rates are persistently lower, central banks may then need to think imaginatively about how to deal on a more durable basis with the technological constraint imposed by the zero lower bound on interest rates, that may require a rethink, a fairly fundamental one, of a number of current central bank practices.
This addresses a somewhat different question, namely how much warming should we expect if fossil fuel emissions were to suddenly cease, in contrast, our study tries to assess how much warming we should expect given realistic future trajectories of emissions. Thus the other study provides a lower bound on expected emissions and warming, and this is indeed lower than the likely range we find, as we would expect.
Whatever the cause, other things being equal, a lower level of the long-run equilibrium real rate suggests that the frequency and duration of future episodes in which monetary policy is constrained by the (zero lower bound) will be higher than in the past.
There has been a lot of new research. Volumes of new research. And I am not sure there is a consensus about how policy affects inflation at the zero lower bound, inflation dynamics have changed.
The lessons from the crisis would argue for an approach that commits to maintain policy at the lower bound until full employment and target inflation are achieved, this forward guidance could be reinforced by interest rate caps on short-term Treasury securities over the same horizon.
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"lower bound." Definitions.net. STANDS4 LLC, 2024. Web. 20 May 2024. <https://www.definitions.net/definition/lower+bound>.
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