Setting aside the conceptual question of whether sound money is a form of freedom, an institution, or simply
good macroeconomic policy, we come to the second major problem with the Fraser and Heritage price stability measures.
Regardless of the precise details of any particular framework, though, what is most important is for broadly
good macroeconomic policy to be followed.
Good macroeconomic policies can, we trust, make some difference at the margin by creating a stable environment in which others can carry out the important work to understand and address these real problems.
Just as there are
no good macroeconomic policies after a financial crisis — one must seek to stop the next crisis, not fix the current one, the same thing applies to the intelligent investor, where we go back to first principles:
Not exact matches
«Additional vigilance in terms of
macroeconomic management is needed in order to weather any negative impact of those
policies, and the
best way to do it is to accelerate some of the reforms that need to be introduced,» he added.
«Among the characteristics needed to join the elite group are stable
macroeconomic policies,» says Kate Phylaktis, director of the Emerging Markets Group at Cass Business School, City University of London, adding «prudent fiscal
policy, low inflation and a stable currency, political stability,
good - quality institutions,
good infrastructure (especially transport) and above all, education.»
In part because human capital in these high quality sectors is deep and specific, so needs to be used to the full in exporting; in part because there are typically strong positive externalities to training and innovation systems from increased exports; in part because a tight fiscal
policy constrains wage demands in the public sector from undermining restraint of export sector unions: these countries, as
well as Japan and China for similar reasons, want no constraints on their exports through
macroeconomic regulatory rules pressuring them to expand consumer demand.
This is a
good answer, but I would add: The phrase «trickle - down economics», even as a simplistic political slogan to refer to a complex set of
macroeconomic policies, really only refers to one element of supply - side economics (namely, the Laffer Curve).
Takes a conventional view that some inflation is
good, that monetary
policy is powerful and can deal with
macroeconomic problems.
: The current Federal, State and private sector
policies that are now increasing the fraction of electricity generation from Intermittent Renewables must be stopped / reversed in order to avoid / mitigate very severe micro and
macroeconomic impacts and National Security ramifications involving skyrocketing electricity prices as
well as dramatically reduced power grid reliability and resilience.
The Energy & Climate team partners with Rhodium's China, India, and Advanced Economies teams to analyze the energy and emissions implications of major
macroeconomic and
policy developments in other major economies as
well.