Abbreviations Glossary
ACA: Affordable Care Act
BEA: Bureau of Economic Analysis BIS: Bank for International Settlements BLS: Bureau of Labor Statistics
BOE: Bank of England
BOJ: Bank of Japan
CAGR: compound annual growth rate CDS: credit default swap
CFO: chief financial officer CFTC: Commodity Futures Trading Commission CPI: consumer price index
EAFE: Europe, Australasia and the Far East ECB: European Central Bank
EM: emerging market
EMD: emerging market dollar debt
EMLD: emerging market local debt EMEA: Europe, the Middle East and Africa EMU: European Monetary Union
EPS: earnings per share
ETF: exchange-traded fund
FTSE: Financial Times Stock Exchange FX: Foreign Exchange
GBP: British pound
GDP: gross domestic product
GFC: global financial crisis
GIR: [Goldman Sachs] Global Investment Research GPIF: Government Pension Investment Fund GSCI: Goldman Sachs Commodity Index
IGFI: Investment grade fixed income IMF: International Monetary Fund
ISIL: Islamic State of Irag and the Levant ISM: Institute of Supply Management JGB: Japanese government bond
LBO: leveraged buyou LIBOR: London Interbank Offered Rate LSI: Liquidity Stress Index
M&A: merger and acquisition
MLP: master limited partnership
mmbd: million barrels per day
MSCI: Morgan Stanley Capital International
NAHB: National Association of Home Builders NATO: North Atlantic Treaty Organization NBER: National Bureau of Economic Research NIPA: national income and product accounts NIRP: negative interest rate policy
OECD: Organisation for Economic Co-operation and Development OPEC: Organization of the Petroleum Exporting Countries
PBOC: People’s Bank of China
PCE: personal consumption expenditures PE: price to earnings
PPI: Producer Price Index
PPP: purchasing power parity
QE: quantitative easing
S&P: Standard and Poor’s
TIPS: Treasury Inflation-Protected Securities TOPIX: Tokyo Price Index
UK: United Kingdom US: United States
VAT: value-added tax
YoY: year-over-year
HOUSE_OVERSIGHT_014613