Macroeconomics

Macroeconomics (from the Greek prefix makro- meaning "large" + economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes and government spending to regulate an economy’s growth and stability. This includes regional, national, and global economies.Macroeconomists study topics such as GDP, unemployment rates, national income, price indices, output, consumption, unemployment, inflation, saving, investment, energy, international trade, and international finance. Macroeconomics and microeconomics are the two most general fields in economics. The United Nations Sustainable Development Goal 17 has a target to enhance global macroeconomic …

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Publications

Economic Policy Institute · 4 December 2021 English

The spending in the American Jobs Plan (AJP) is well targeted to meet several (but obviously not all) pressing social needs. Because so much of the spending is temporary and …


CReAM · 2 December 2021 English

The increase in the marginal product of capital that would otherwise accompany the employment of the marginal immigrant worker can simply induce the marginal dollar of unutilized capital to be …

Job Competition,” American Economic Journal: Macroeconomics, January 2021, 13 (1), 35–78. Alesina, Alberto housing, and demand,” American Economic Journal: Macroeconomics, 2020, 12 (4), 147–79. Hunt, Jennifer, “The


IEJ · 1 December 2021 English

Following this, the co-founders (Gilad Isaacs and Neil Coleman) and a reference group of (mainly young) The formation of the IEJ broadened and institutionalised, black intellectuals began laying the groundwork …

webinar series, which foregrounded the ideas of Macroeconomics Collective. emerging feminist economists and Africa remains a priority for the IEJ. – Afrifem Macroeconomics Collective The importance of feminist economics Policy Alternative Centre • Nawi – Afrifem Macroeconomics Collective • Institute for African Alternatives


CSEP · 29 November 2021 English

CSEP Working Paper-18 December 2021 The Political Pathway to Health System Improvements in India Sandhya Venkateswaran, Shruti Slaria and Nachiket Mor www.csep.org Copyright © Sandhya Venkateswaran, Shruti Slaria and Nachiket …

2005. Report of the National Commission on Macroeconomics and Health. Ministry of Health & Family Welfare


NBER · 24 November 2021

In a canonical intertemporal consumption problem, I show how anticipation of future consumption mistakes leads to higher current marginal propensities to consume (MPCs). This result is driven by mistakes in …


NBER · 24 November 2021

We also use the inferred components to revisit several important and classical applications in macroeconomics and labor economics, including growth accounting and the estimation of TFP growth, and the college


NBER · 18 November 2021

Forecasts of professional forecasters are anomalous: they are biased, forecast errors are autocorrelated, and forecast revisions predict forecast errors. Sticky or noisy information models seem like unlikely explanations for these …


NBER · 18 November 2021

In a broad class of sticky price models the non-neutrality of nominal shocks is encoded by a simple sufficient statistic: the ratio of the kurtosis of the size-distribution of price …


NBER · 18 November 2021

In this paper, I discuss the implications for emerging countries of the adoption of central bank digital currencies (CBDCs) in advanced jurisdictions, such as the United States, the United Kingdom, …


NBER · 18 November 2021

We document a new fact: in U.S., European and Japanese surveys, households do not expect deflation, even in environments where persistent deflation is a strong possibility. This fact stands in …


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