Macroeconomics

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Macroeconomics

Analysis of a country's economy as a whole.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Christina Romer, then-chair of Obama's Council of Economic Advisers, remarked that ARRA was "simply the biggest, boldest countercyclical stimulus in American history" and that she "firmly believe[d] that fiscal policy have a crucial beneficial impact." Pro-stimulus academic macroeconomists Antonio Fatas and Ilian Mihov declared that, "properly executed empirical studies support the view that a fiscal expansion will help the U.S.
Please join Industry Intelligence and FEA macroeconomist Brendan Lowney for a 30- to 40-minute presentation, followed by Q&A session.
This type of forecasting error is hardly a first for macroeconomists. Examples of the profession's failure to anticipate economic contractions are legion and span its entire history.
Indeed, it was this general approach that led us to the view that the new macroeconomists were claiming much more than could be deduced from fundamental neoclassical principles.
He received the Bernacer Prize, recognizing the best under-40 European macroeconomist, in 2007, and has served as a member of the French Council of Economic Advisers.
He had previously held positions as Director of Planning and Budget, Chief Macroeconomist and Manager for Operations, Quality and Performance Review.
Such confidence is misplaced, however, says an Addis Ababa-based macroeconomist, who formerly worked within the state banking sector before moving to a multinational organisation.
oIn 2010, the external environment will remain rather grim but it will not deteriorate further,o Zhang Liqun, a macroeconomist at the centre, said in the report.
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.
Gordon, the well-known macroeconomist, conducted by Emmanuel De Veirman and me.