Also available for retreats, meetings, conferences, parties, and more! Public hours for tours are usually Saturday & Sunday 1:00â 5:00 pm unless otherwise posted at the Mill. Private tours are available by appointment.3536 Bryan Park Road, Yellow Springs, OH 45387.
Implementation Lag. DEFINITION of 'Implementation Lag'. The time lag between when a macroeconomic shock or other adverse condition is recognized by central banks and the government, and when a corrective action is put into place.
DEFINITION of 'Recognition Lag'. The time lag between when an actual economic shock, such as sudden boom or bust occurs, and when it is recognized by economists, central bankers and the government. The recognition lag is studied in conjunction with implementation lag and response lag, two other measures of time lags within an economy.