third-best
third-best is the alternative spelling of third best.
Meaning of third best
Adjective
third best (not comparable)
- Characterized by being a third best in the below sense.
- This reduces the inflation bias but brings higher employment variability than is optimal, a "stabilization bias," and hence leads to a third-best equilibrium rather than the second best.1997 Mar, Lars E. O. Svensson, “Optimal Inflation Targets, "Conservative" Central Banks, and Linear Inflation Contracts”, in The American Economic Review, volume 87, number 1, pages 98–114
Questions about third-best
- What is third-best the alternative spelling of?
- Third-best is the alternative spelling of third best.
Words near third-best in the dictionary
Source and license
Adapted from Wiktionary: third-best (page history and authors); third best (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
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Cite this entry: “third-best.” Word.ws, https://word.ws/third-best. Based on Wiktionary, CC BY-SA 4.0.
