macroeconomic policy

Also found in: Dictionary, Thesaurus, Encyclopedia.

macroeconomic policy

the setting of broad objectives by the government for the economy as a whole and the use of policy instruments to achieve those objectives. Macroeconomic objectives include FULL EMPLOYMENT, the avoidance of INFLATION, ECONOMIC GROWTH and BALANCEOF-PAYMENTS EQUILIBRIUM. FISCAL POLICY, MONETARY POLICY and SUPPLY-SIDE POLICIES are the main policy instruments used to regulate the economy.

Generally, the achievement of a broad objective, such as avoiding inflation, involves the setting of‘intermediate targets’, like, for example, the permissible rate of growth of the MONEY SUPPLY. See alsoDEMAND MANAGEMENT, PRICES AND INCOMES POLICY, INTERNAL-EXTERNAL BALANCE MODEL, FIXED TARGETS, OPTIMIZING, BUSINESS CYCLE, EQUILIBRIUM LEVEL OF NATIONAL INCOME, DEFLATIONARY GAP, INFLATIONARY GAP, MEDIUM-TERM FINANCIAL STRATEGY, ECONOMIC POLICY, MICROECONOMIC POLICY, NEW AND OLD PARADIGM ECONOMICS.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

References in periodicals archive ?

The crisis of 2008 saw both the return of macroeconomic policy to political debate and the return of active demand-side policies to prevent a slide into depression.

Beyond living with capitalism: the Labour Party, macroeconomics, and political economy since 1994

Macedonia is more resistant to new crises due to the long-standing sound macroeconomic policy. Its fiscal deficit of about 2.5 percent is significantly lower compared to neighboring countries.

Macedonia administers good macroeconomic policy

Part 4, on macroeconomic policy, offers a critique of the new consensus macroeconomics model from a post-Keynesian perspective.

Credit, money, and macroeconomic policy; a post-Keynesian approach

Behrens 7-8303 Specialist in Energy Policy Broad policy options: coordination and tradeoffs Marc Labonte 7-0640 Specialist in Macroeconomic Policy Monetary policy Marc Labonte 7-0640 Specialist in Macroeconomic Policy Fiscal stimulus Marc Labonte 7-0640 Specialist in Macroeconomic Policy Jane G.

Economic recovery and jobs: CRS experts

Although the connections between macroeconomic policy, and international trade and business administration are not clear, at least he is somehow connected with economics.

Simple, or useful?

Summary: In order to boost the country's economy and to establish a sustained growth, privatization in Tunisia has been part of the macroeconomic policy since the Change of November 7, 1987.

Tunisia's 2010 privatization program gaining momentum

"The stable outlook on Finland reflects our expectation that the country's strong political consensus and long-standing record of prudent macroeconomic policy will continue to support its extremely strong credit standing," the agency said.

S&P affirms ratings on Finland

In general, countries that have invested the most in improving their macroeconomic policy frameworks have more room to maneuver.

Latin America and the global crisis: a firm foundation yields dividends

The only thing that Gruevski can gain from having control over the president of the state is that now he can replace the governor of the National Bank of Macedonia, with whom this Government does not share the same views as regards the macroeconomic policy. Economic experts assess that Macedonia cannot expect to achieve economic growth now that VMRODPMNE has absolute power.

Government should stop spending money for political needs: elections are over, it is time for changes

"Inflation could be higher, if international food and oil prices surge once again, or if macroeconomic policy is not sufficiently tight," said Mohsin Khan, Director of the IMF's Middle East and Central Asia Department.

Middle Eastern economies maintain strong growth

High aid inflow in a case study of Ghana examines the macroeconomic policy response to scaling up aid inflow in 2001-03.

Peter Isard, Leslie Lipschitz, Alexandros Mourmouras, Boriana Yontcheva (eds). The Macroeconomic Management of Foreign Aid--Opportunities and Pitfalls

This conference followed up on research themes identified at an earlier conference in 2006, which brought together international macroeconomic policy experts to share views on New Zealand's macroeconomic policy issues.