Mirrlees Review
A comprehensive review of the UK tax system organized by the Institute for Fiscal Studies and chaired by Sir James Mirrlees, offering key recommendations on tax and benefit system reform.
Misery Index
An index of overall economic performance, formed by adding the unemployment rate and the inflation rate.
Mismatch: Definition and Meaning
Understanding the concept of mismatch in the labor market, referring to the differences between the skills and location of unemployed workers and available job vacancies.
Mitigation
Policies and actions aimed at limiting the extent of global warming primarily by reducing the level of greenhouse gases emitted into the atmosphere.
Mix of Policies
The strategic combination of multiple policy instruments to achieve economic objectives.
Mobility of Labour
The ability of workers to change jobs, occupations, locations, or countries, and the various obstacles they face in doing so.
Mode
The most frequent or most likely value in a dataset.
Modigliani–Miller Theorem
An exploration of Modigliani–Miller Theorem and its implications in the field of corporate finance within a perfect capital market.
Moment Generating Function
Moment Generating Function (mgf) is utilized to calculate moments of the distribution of a random variable X.