One bias of mine is that
most macroeconomic policy actions of the government or central bank either don't help, or merely shift the problem to...
Not exact matches
While
most of his proposals — «to abandon the gold standard, let international exchange rates float, use federal surpluses and deficits as
macroeconomic policy tools that could counter cyclical trends, and establish bureaus of economic statistics (including a consumer price index) in order to facilitate this effort» — are now conventional practice, his critique of fractional - reserve banking still «remains outside the bounds of conventional wisdom» although a recent paper by the IMF reinvigorated his proposals.
Regardless of the precise details of any particular framework, though, what is
most important is for broadly good
macroeconomic policy to be followed.
The next
most implicated is the
macroeconomic regulatory system, governing the management of aggregate demand through fiscal and monetary
policy to control inflation and unemployment.