steady state

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steady state

n. Physics
A stable condition that does not change over time or in which change in one direction is continually balanced by change in another.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

steady state

n
(General Physics) physics the condition of a system when some or all of the quantities describing it are independent of time but not necessarily in thermodynamic or chemical equilibrium. See also equilibrium6
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

stead·y state

(stĕd′ē)
A stable condition that does not change over time or in which any one change is continually balanced by another.
The American Heritage® Student Science Dictionary, Second Edition. Copyright © 2014 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
References in periodicals archive ?
Current rating for class A (steady states for charge-offs: 6.0%; MPR: 28.0% ); 'AAAsf'
To get the steady states of (2) requires a nonstandard approach, because the transition in the value function (memory structure) is nonsmooth.
One accepts that there are two steady states. However, the steady states have stability properties associated with them in a fully dynamic analysis, and the argument is that the targeted steady state is the stable one, while the unintended, low nominal interest rate steady state is unstable.
Intertemporal Equilibrium Dynamics and Existence of Steady States
The intersections between the two lines are the steady states and, starting with any initial inflation rate below the targeted steady state, we can trace an equilibrium path using the solid line and the 45-degree line.
Any other steady states will alternate between being sinks and sources.
Rather, the data are more consistent with the alternative hypothesis of club convergence (Baumol 1986), which postulates that a small number of steady states exist, and that each country has a tendency to converge toward one of them.
LST identifies seven general types of adjustment processes used to maintain steady states. They are input processes of (1) matter--energy, and (2) information, internal processes of (3) matter--energy, and (4) information, output process of (5) matter--energy and (6) information, and (7) feedbacks.
Global analysis of some standard macroeconomic models in which monetary policy is conducted using a nonlinear instrument rule, often called a Taylor rule, to set the nominal interest rate, has shown the possibility of two steady states, including an indeterminate low inflation "liquidity trap" equilibrium [[pi].sub.L] in addition to the desired target equilibrium [[pi].sub.H].
I resurveyed two of the eight street segments to confirm that their steady states were consistent over time.
Comparing steady states, Lucas finds a welfare loss of 5-6% (of the value of total consumption) from taxation of interest at current US rates.
Depending on the flow rates of the different incoming solutions, the system may take on one of two steady states or an oscillating state.