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 ?

That is, if the change and volatility of crude oil prices have distinct effects on the macroeconomy, these effects should be related to or even subsumed by Hamilton's modified oil shock measure.

Oil price volatility and U.S. macroeconomic activity

Section 2 presents the aggregate empirical consumer spending equation that underlies the empirical work here and reviews theory about how oil price shocks may affect the macroeconomy.

Oil prices and consumer spending

The mere possibility of repeating an episode so destructive warrants policymakers' interest in the behavior of the stock market, even though the link between the stock market and the macroeconomy may not be well understood.

Why policymakers might care about stock market bubbles

The optimality of the suggested solution is conditioned on accepting the assumed model structure as true beyond any doubt, a stance that is untenable in light of the ongoing dispute among economists concerning the proper specification of a model for the macroeconomy.

Summary of papers presented at the conference "models and monetary policy: research in the tradition of Dale Henderson, Richard Porter, and Peter Tinsley"

This book is an ambitious and intelligent systematic analysis of presidential policies toward the macroeconomy.

Vicious Cycle: Presidential Decision Making in the American Political Economy

An upswing in construction spending and in the global macroeconomy in general will bolster sales in developed country markets for mechanical and structural security products.

World Security Products demand to reach US$65 billion in 2006

If the macroeconomy is doing well, industrial output tends to be healthy and packaging demand steers a steady course.

The European packaging sector: views an uncertain outlook

Given persistent deflation, which is one of the most significant issues surrounding Japan's macroeconomy, ''the next few months will be a key period during which the leadership will be severely tested as it grapples with balancing long-term structural reform issues and short-term exigencies.

Next few months critical for Koizumi reform: S&P

The ministers will also address the development of the region's macroeconomy since the Asian crisis, because the U.

APEC to focus on new WTO talks, reviving liberalization drive

The Working Party III doesn't take any decisions, but is a forum in which the representatives of the major countries can sensitize each other to concerns and developments that affect the macroeconomy, and particularly macroeconomic interactions through balance of payments and so on.

Running The Bank Of Central Banks

While the New Economy's definition is absurdly simple, the implications of the transition from Old to New are immeasurably profound and reach into every facet of the macroeconomy and every inch of business as we know it.

The 'New Economy'

Rather than looking at the behavior of the macroeconomy, Margo and Heim look at pieces of the economy.