Macroeconomics

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Macroeconomics

Analysis of a country's economy as a whole.

Macroeconomics

The study of an economy in its largest sense. That is, macroeconomics studies gross domestic product, unemployment, inflation, and similar matters. It does not look at the function of individual companies and only tangentially studies individual industries. It is useful in helping determine the aggregate effect of certain policies on an economy as a whole. See also: Microeconomics.

macroeconomics

the branch of economics concerned with the study of aggregate economic activity. Macroeconomic analysis investigates how the economy as a whole ‘works’ and seeks to identify strategic determinants of the levels of national income and output, employment and prices. See CIRCULAR FLOW OF NATIONAL INCOME MODEL, EQUILIBRIUM LEVEL OF NATIONAL INCOME, INTERNAL-EXTERNAL BALANCE MODEL, MACROECONOMIC POLICY, MICROECONOMICS.
References in periodicals archive ?
Profit making has been as easy as cherry picking," says the macroeconomist.
Macroeconomist Robert Barro of Harvard University put forth the argument in the 1970s that government spending multipliers will be close to zero precisely because when government rims a deficit, taxpayers rationally will add the value of that deficit to their expected future tax liabilities.
On August 15, 2012, Forest Economic Advisors' macroeconomist, Brendan Lowney, will discuss several of the key risks to the relatively optimistic housing outlook that has become the consensus view.
The book then contains two responses to the chapter by macroeconomist Charles Bean and from political sociologist Gosta Esping-Anderson.
It's going to take much more than a merger of the exchanges to bring back foreign investors," said Andres Restrepo, a macroeconomist at local finance house Corfivalle.
This primer explains why macroeconomists need to be concerned with issues of health policy and elaborates the essential information that a macroeconomist should know in providing inputs to discussions on health sector policy.
PiEerE[bar]a is a macroeconomist by training and his expertise includes banking and financial sector issues and competitiveness.
Earlier in his career, he covered Southeast Asia for Goldman Sachs and spent seven years as a macroeconomist with the World Bank, where he monitored developments in highly indebted countries across emerging markets.
This globe-trotting Vice Chair must have shrewd market instincts to complement Yellen's own superb analytical skills as a macroeconomist.
It's a global economy which is still expanding but the recovery is quite patchy at the moment and there is a lot of uncertainty still around," said Mark Miller, global macroeconomist at Lloyds Bank Corporate Markets.
I would be loathe to say there's a sharp slowdown in the pipeline, but some momentum seems to be lost," said Mark Miller, global macroeconomist at Lloyds Bank Corporate Markets.
But if you ask the same question of a modern macroeconomist -- for example, the extremely bright Narayana Kocherlakota of the University of Minnesota -- you will find that he says that he does not know, and that macroeconomic models attribute economic downturns to various causes.