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Journal articles on the topic 'Macroeconomic analysis'
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1
Xu, Lanxuan. "Macroeconomics Analysis on COVID-19 Based on Mathematical Models." Highlights in Science, Engineering and Technology 40 (March 29, 2023): 36–42. http://dx.doi.org/10.54097/hset.v40i.6516.
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From the past century, humanity has never witnessed such a health crisis like the Covid-19 worldwide pandemic. Since it was declared a global health crisis in March 2020, country governments have put forth efforts to curb transmission of the disease and to manage the impacts on the economy. The forced measures have caused adverse and difficult to manage macroeconomic consequences. Many studies have been carried out in various regions and countries to explore these macroeconomic impacts. This paper offers a review of the research associated with the consequences of COVID-19 on macroeconomics. The author will use previous research studies that have applied various economic models (CGE, DSGE, and GEM) to quantify the macroeconomic results of the pandemic. The review concludes that the macroeconomic consequences of various pandemics can be quantified using economic models. It provides comprehensive and specific data on the consequences of COVID-19 on macroeconomics. It also exhibits information about carious economic modelling that can be used to estimate pandemic impacts.
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Zhang, Weiran, Xinmeng Zhang, and Yixin Chen. "Quantitative Statistical Study of Financial Market Sentiment on Economic Cycles: An Analysis Based on the FinBERT Model and TVP-VAR." Transactions on Economics, Business and Management Research 9 (August 21, 2024): 294–302. http://dx.doi.org/10.62051/c7vskc54.
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Amid global financial market turmoil, the relationship between market sentiment and macroeconomic cycles has garnered significant attention. This study leverages big data from financial markets to quantitatively analyze market sentiment using the FinBERT model and investigates its impact on macroeconomic cycles with the TVP-VAR method. Based on textual data from the Shanghai Stock Exchange Index forums and Baidu Index online engagement metrics, the study employs GIS technology to analyze regional emotional responses to financial market fluctuations and economic activity trends.The research reveals significant regional differences in China's financial sentiment index during 2022-2023, with hotspots in the eastern coastal regions and cold spots in the west. Economically developed areas exhibit higher sensitivity to market fluctuations. TVP-VAR analysis indicates that changes in market sentiment have a minor impact on macroeconomic cycle volatility, typically exerting a mild negative effect at year's end, though the effects are not significant. This study unveils the dynamic relationship between financial market sentiment and macroeconomics, demonstrating the potential of using social media and online data for macroeconomic analysis. It offers practical recommendations for policymakers on leveraging market sentiment data for forecasting and regulating the macroeconomy, fostering interdisciplinary development in economics and financial engineering.
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Arestis, Philip, Fernando Filho, and Terra Bittes. "Keynesian macroeconomic policy: Theoretical analysis and empirical evidence." Panoeconomicus 65, no. 1 (2018): 1–20. http://dx.doi.org/10.2298/pan1801001a.
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Investment depends on subjective factors, such as expectations, conventions, and confident animal spirits. In a context of economic instability and crises, economic policy is the main source to support entrepreneurs? expectations and investment. In this sense, macroeconomic policies are capable of affecting effective demand and building a good institutional environment, which is essential to keep the entrepreneurs? expectations confident and promote their animal spirits. Given these propositions, this contribution has two objectives. The first is to develop a Keynesian type of macroeconomic policy able to stimulate investment and effective demand, and, as a result, mitigate unemployment. The idea is to offer alternative macroeconomic policy prescriptions in relation to the New Consensus Macroeconomics one. This proposal aims to establish the role, according to the Post Keynesian view, the logic of operation of each policy, and the proper coordination among these Keynesian macroeconomic policies. The second objective is to present, briefly, relevant empirical evidence of the Post Keynesian macroeconomic policies.
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Tu, Jinjia. "An Associative Analysis Method to Estimate Impact between Financial Market Risk and Macroeconomic Risk." Highlights in Business, Economics and Management 19 (November 2, 2023): 571–79. http://dx.doi.org/10.54097/hbem.v19i.12031.
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The intertwining and close correlation between financial market risk and macroeconomic risk have been a focal point of academic research. By constructing financial stress index and macroeconomic risk index, and employing the Time-Varying Parameter Vector Autoregression (TVP-VAR) model, this study analyzes the complex dynamic interactions between financial market risk and macroeconomic risk. The results indicate a bidirectional and intersecting relationship between financial market risk and macroeconomic risk. Financial market risk exerts a relatively significant impact on macroeconomic risk, and its accumulation exacerbates the downward pressure on the macroeconomy, while its alleviation does not promptly lead to economic prosperity. Moreover, there exists a significant time-varying correlation between financial market risk and macroeconomic risk, with macroeconomic risk continuously augmenting its promoting effect on financial market risk.
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Jin, Zichu, Mukhriz Izraf Azman Aziz, Muhammad Airil Syafiq Mohd Khalid, and Zerdoumi Saber. "MAPPING NOWCASTING IN MACROECONOMICS RESEARCH: A BIBLIOMETRIC ANALYSIS." Labuan Bulletin of International Business and Finance (LBIBF) 19 (December 29, 2021): 1–12. http://dx.doi.org/10.51200/lbibf.v19i2.3319.
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This study adopted a bibliometric analysis that aims to examine the current dynamics of nowcasting implementation in macroeconomics. All data are obtained from the Scopus database. Based on the keywords used, which are related to the nowcasting and macroeconomic words searching, where the terms appear in the title, keywords, or abstract, the study managed to obtain 231 documents for further analysis. We mapped the recent application of nowcasting in macroeconomics by analyzing the subsequent trends, publications status based on source title, country and institution, and used VOSviewer to examine the publication's citations pattern. We found that nowcasting has caught more and more attention for government institutions. Early studies have been done for developed countries for forecasting macroeconomic variables, and this trend is now expanding to developing countries. We conclude that the potential for nowcasting in improving the current macroeconomic situation for a country is high. The findings of this study will motivate researchers to evaluate the scientific area of nowcasting. With the government and institutional interest in this issue, researchers and practitioners should thoroughly analyze and pay attention to this research domain. The advanced financial techniques implemented in the nowcasting are expected to help manage considerable uncertainty in both the current and future international macroeconomic environments.
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Oleksy-Gebczyk, Aneta. "INFLATION IN POLAND: MACROECONOMIC ANALYSIS." Academic Review 2, no. 61 (2024): 242–55. http://dx.doi.org/10.32342/2074-5354-2024-2-61-17.
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The research relevance is predefined by the need to explain the nature of inflation and assess the effectiveness of anti-inflationary policy in Poland. The research aims to study the factors that cause price growth and the tools to reduce its pace during the global economic crisis. The following research methods were used: analysis of statistical data on inflation dynamics; comparison – for comparing price growth indices; expert estimates – for forecasting inflation; graphical – for displaying results; and generalisation – for summarising information on the use of inflation reduction tools. The main results obtained in this study are: determination of the dynamics of producer price indices, consumer prices and the gross domestic product (GDP) deflator in Poland; comparison of Poland’s inflation rate with other European countries and justification of the reasons for its rapid growth; analysis of the use of inflation targeting in Poland, Romania, the Czech Republic and Hungary; and assessment of the effectiveness of the central bank’s increase in the key interest rate and required reserve ratios, as well as the impact of these instruments on the inflation rate in Poland; proving the non-monetary nature of inflation and identifying its main drivers in the period 2020-2023 (coronavirus pandemic, rising global energy and food prices, war in Ukraine); identifying the effects of lowering value-added tax (VAT) rates on certain goods on inflation and tax revenues to the Polish budget; comparing the forecast inflation rate and GDP growth by the end of 2023 and 2024-2025 based on expert estimates; substantiating the ways to slow down inflation, considering a wide range of external factors affecting the Polish economy. The results and conclusions are of practical importance for the Government of the country and managers of the banking sector in developing measures to regulate the rate of price growth.
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Lombana-Coy, Jahir, and Leonor Sofía Cabeza de Vergara. "ANÁLISIS FACTORIAL DE LAS RELACIONES ENTRE GOBERNANZA E INDICADORES MACROECONÓMICOS EN PAÍSES DE LA COMUNIDAD ANDINA (2002-2018)." Revista Republicana, no. 35 (July 31, 2023): 21–48. http://dx.doi.org/10.21017/rev.repub.2023.v35.a147.
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The purpose of this article is to review the relationships between governance and macroeconomic indicators for countries of the Andean Community (CAN). The approach is exploratory, using factor analysis to establish relationships between variables and then contextualize them with historical milestones in the selected countries. The resulting factors that explain the relationship between governance and macroeconomics fit the data by more than 70%, indicating satisfactory factor models. For all countries, the factor that best explains behavior combines governance and macroeconomic variables. In the factors, the constant is the instability of the variables, especially macroeconomic ones, which predominate in each of them. The models are pessimistic in showing that both macroeconomic aspects and governance variables remain stable above the average, but for short periods of time. The methodological design does not allow or expect to establish causal relationships or project trends, but it does observe, through milestones, some changes that could be interpreted by the different relationships between the variables studied.“Keywords: governance, macroeconomic environment, factor analysis, Andean Community.
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Hiadlovský, Vladimír, and Petra Gundová. "The Importance of Macroeconomic Analysis of Regions in the Slovak Republic in the Context of Regional Development." Barometr Regionalny. Analizy i Prognozy 11, no. 3 (2013): 69–74. http://dx.doi.org/10.56583/br.1114.
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In today’s rapidly changing world the representatives of the Slovak Republic's regions need exact macroeconomics analyses. We can even say that their importance is increasing. Why are there strong fluctuations in economic development? Why there are significant differences between regions of the Slovak Republic and what is the cause? If we want to know the answers, we must examine economic development of regions on more regular basis and in more detail. The importance of autonomous macroeconomic analysis of Slovak regions is that it is the source for identifying strengths and weaknesses of these regions. The aim of this article is to show the importance of macroeconomic analysis of Slovak regions in the context of regional development. The introduction of the article presents the theoretical apparatus of macroeconomic analysis. In the second part of the paper we present results of macroeconomic analysis of eight regions of the Slovak Republic; we focus on the level of regional GDP, foreign direct investment and the economic activity rate of the population.
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Hu, Haisheng. "Analysis of the Role of Macroeconomic Policies in the Financial Market Development." Financial Forum 9, no. 3 (2020): 149. http://dx.doi.org/10.18282/ff.v9i3.1101.
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<p>Macroeconomics and microeconomics are two different categories of national economics, and both play vital roles in stimulating the economy. Especially in financial market development, they are interdependent and complement one another. Therefore, by starting with the status of national macroeconomic policies, this article analyzes the role of macroeconomic policies in the development of financial markets, and analyzes the practical cases, which can provide reference for the applied policies in the current financial market.</p>
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Klacek, J. "1990 Macroeconomic Analysis." Eastern European Economics 29, no. 3 (1991): 5–38. http://dx.doi.org/10.1080/00128775.1991.11648458.
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Sayer, Stuart. "MACROECONOMIC POLICY ANALYSIS." Metroeconomica 46, no. 3 (1995): 290–308. http://dx.doi.org/10.1111/j.1467-999x.1995.tb00383.x.
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Talavyrya, М., and B. Dorosh. "Development of macroeconomic models based on behavioral economics: issues and further research." Zemleustrìj, kadastr ì monìtorìng zemelʹ, no. 4 (October 27, 2021): 2. http://dx.doi.org/10.31548/zemleustriy2021.04.02.
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The article analyzes the formation, spread and development of behavioral economics in microeconomic research, as well as its development in macroeconomic research over the past two decades. The key shortcomings of neoclassical macroeconomic models and their critique based on existing research and practical application by central bankers are highlighted. The key stages in the formation of behavioral macroeconomics, elements of which began to appear in the works of neoclassical macroeconomists, have been identified. The main arguments in favor of replacing neoclassical macroeconomic models with new behavioral macroeconomic models are presented, as well as key issues of behavioral macroeconomics and prospects for its further adoption as a basic concept for decision-making for governments. Key studies of behavioral economists on behavioral macroeconomic models, most of which are agents-based (microfoundations-based), have been identified and systematized. Based on the results of testing various behavioral models by world-renowned scientists, as well as our analysis, it is proposed to focus further macroeconomic research on behavioral models based on the activities of agents (microfoundations).
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Muzib, Md Moniruzzaman, Muhammad Rabiul Islam Liton, Md Nazmus Sadekin, and Md Abdul Latif Mahmud. "The Target and Achievements of Private Sector Credit in Bangladesh: A Monetary Policy Analysis." Global Disclosure of Economics and Business 3, no. 2 (2014): 175–84. http://dx.doi.org/10.18034/gdeb.v3i2.162.
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This paper tries to assess the monetary policy on macroeconomic indicators in Bangladesh. The central bank declares monetary policy statement twice in every year to pursue its macroeconomic goals. The assessment provides that during the sample period, monetary policy is not strong enough to control the inflation rate. In addition, policies did not appear itself as ignition to the investment process as well as the growth rate of GDP. This assessment leaves an interesting outcome: monetary policy is not independent and strong enough to pursue its macroeconomics goals.
 JEL Classification Code: M51, M52
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Kaplan, Greg, and Giovanni L. Violante. "Microeconomic Heterogeneity and Macroeconomic Shocks." Journal of Economic Perspectives 32, no. 3 (2018): 167–94. http://dx.doi.org/10.1257/jep.32.3.167.
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In this essay, we discuss the emerging literature in macroeconomics that combines heterogeneous agent models, nominal rigidities, and aggregate shocks. This literature opens the door to the analysis of distributional issues, economic fluctuations, and stabilization policies—all within the same framework. In response to the limitations of the representative agent approach to economic fluctuations, a new framework has emerged that combines key features of heterogeneous agents (HA) and New Keynesian (NK) economies. These HANK models offer a much more accurate representation of household consumption behavior and can generate realistic distributions of income, wealth, and, albeit to a lesser degree, household balance sheets. At the same time, they can accommodate many sources of macroeconomic fluctuations, including those driven by aggregate demand. In sum, they provide a rich theoretical framework for quantitative analysis of the interaction between cross-sectional distributions and aggregate dynamics. In this article, we outline a state-of-the-art version of HANK together with its representative agent counterpart, and convey two broad messages about the role of household heterogeneity for the response of the macroeconomy to aggregate shocks: 1) the similarity between the Representative Agent New Keynesian (RANK) and HANK frameworks depends crucially on the shock being analyzed; and 2) certain important macroeconomic questions concerning economic fluctuations can only be addressed within heterogeneous agent models.
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Rahmayuni, Siti, and Ardi Paminto. "Corporate Governance and Macroeconomics on The Financial Stability of Islamic Banks." IJEBD (International Journal of Entrepreneurship and Business Development) 4, no. 4 (2021): 510–15. http://dx.doi.org/10.29138/ijebd.v4i4.1417.
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Purpose: This study discusses the influence of Corporate Governance and macroeconomics on financial stability in the Islamic banking sector.
 Design/methodology/approach: This study employed a quantitative and Data analysis uses panel data regression.
 Findings: while the independent variable in this study is Corporate Governance and Macroeconomics, with the results showing that Corporate Governance and macroeconomics have no partial effect..
 Research limitations/implications: There are only two variables considered in this paper: corporate governance and macroeconomic.
 Practical implications: partially corporate governance has no effect and macroeconomics has a negative effect.
 Originality/value: TThis study calculates and finds out the truth of corporate governance and macroeconomic variables on financial stability.
 Paper type: Research Paper
 Keyword: Corporate Governance, Macroeconomics, Financial Stability, Inflation
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Komarlina, Dwi Hastuti Lestari, and Andi Rustandi. "Performance Analysis of Regional Economic Development in West Java, Indonesia." Saudi Journal of Economics and Finance 7, no. 03 (2023): 184–93. http://dx.doi.org/10.36348/sjef.2023.v07i03.008.
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The purpose of this research is to find out and analyze the performance of local governments through the developmental achievements of unemployment, inflation, poverty, inequality, income distribution and economic growth in West Java over the last five years. Also to find out the dominance of the performance of the West Java Government based on targets on regional macroeconomics for the last five years. The research method uses descriptive case studies to analyze the performance of the West Java Provincial Government on regional macroeconomic variable data series which are estimated by each of the previous achievements and target plans. The results show that the development of the achievement of regional macroeconomic variables in the implementation process is a form of West Java Provincial Government performance that considers the evaluation of previous achievements and targeting orientation. In addition, efforts to maintain regional macroeconomic variables are trying to reduce unemployment, poverty, and the distribution of income balance. Meanwhile, the control is carried out on achieving inflation and the economic growth rate.
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Benomar, Ikram, and Fouad Ben El Haj. "ECONOMETRIC ANALYSIS OF DETERMINANTS INFLUENCING RISK-ADJUSTED PERFORMANCE OF MUTUAL FUNDS." International Journal of Professional Business Review 9, no. 6 (2024): e04432. http://dx.doi.org/10.26668/businessreview/2024.v9i6.4432.
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Objective: This study explores the relationship between Mutual Funds' (UCITS) performance and nine macroeconomic variables using a Vector Autoregressive (VAR) model. It aims to understand the dynamics between these variables and UCITS performance. Theoretical Framework: The study is grounded in economic theories and concepts relevant to macroeconomics and financial markets. The VAR model serves as the theoretical framework, facilitating the analysis of the interdependencies among variables. Method: The research methodology involved the application of a VAR model to 92 quarterly observations from January 2000 to December 2022. Non-stationarity tests indicated that all variables were non-stationary in levels but became stationary after first-order differencing. Data collection methods included obtaining information on macroeconomic variables and OPCVM performance. Results and Discussion: The findings indicate a long-term causality between OPCVM performance, and the macroeconomic variables studied. Significant variables affecting OPCVM performance include money supply, GDP, inflation rate, discount rate, and bond interest rate. However, interest rate and exchange rate showed no significant impact. The presence of an inertia effect suggests the utilization of Box-Jenkins ARMA modeling. Research Implications: This study provides insights into the influence of macroeconomic factors on OPCVM performance, offering implications for investors, financial analysts, and policymakers. Understanding these relationships can aid in making informed investment decisions and formulating effective economic policies. Originality/Value: The research contributes to the literature by employing a VAR model to analyze the relationship between OPCVM performance and macroeconomic variables in the context of the Moroccan market. The findings offer practical implications for stakeholders and advance the understanding of financial market dynamics.
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Aliukov, Sergei. "Modeling of Rapidly Changing Macroeconomic Processes Based on the Analysis of Jump and Generalized Functions." Mathematics 12, no. 1 (2023): 138. http://dx.doi.org/10.3390/math12010138.
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In recent years, the economies of many countries around the world have been in a situation of intense, rapidly changing, abrupt processes. The current situation urgently requires a change in the economic paradigm in the near future, which leads to the need to develop new conceptual models. The purpose of the article is to develop basic theoretical principles and practical approaches to modeling macroeconomic processes based on the analysis of jump and generalized functions. The objectives of the study are the following: (1) describe the main types of impulse and jump functions using examples from economic theory and practice; (2) perform an analytical representation of impulse and jump functions; (3) select macroeconomic characteristics to analyze rapidly changing processes in the economy; and (4) create models and mechanisms for forecasting impulsive and abrupt changes in the macroeconomy. The approaches to the development of macroeconomic theory and its methods proposed in the article are not associated with the use of evolutionary continuous functions; for example, power functions, which is typical for many canonical macroeconomic models. These approaches do not include management decisions to achieve optimal values of given target functions, which is typical for recursive macroeconomic models of dynamic programming. This article is about formulating the main provisions of macroeconomic theory and its methods, which, with varying degrees of accuracy, could give a forecast about the upcoming possibility of sudden changes (impulse, shock, spasmodic, and others) in the macroeconomic situation. The research methodology is statistical analysis, special methods developed by the author for studying impulse, and jump processes. As a result of this study, the basic principles of modeling macroeconomic theory based on rapid impulse and abrupt changes were formulated, approaches to constructing the tools of this theory were outlined, and problems and tasks for further research were identified.
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Maldonado, Isabel, and Carlos Pinho. "Yield curve dynamics with macroeconomic factors in Iberian economies." Global Journal of Business, Economics and Management: Current Issues 10, no. 3 (2020): 193–203. http://dx.doi.org/10.18844/gjbem.v10i3.4691.
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 The aim of this paper is to analyse the bidirectional relation between the term structure of interest rates components and macroeconomic factors. Using a factor augmented vector autoregressive model, impulse response functions and forecasting error variance decompositions we find evidence of a bidirectional relation between yield curve factors and the macroeconomic factors, with increased relevance of yield factors over it with increased forecasting horizons. The study was conduct for the two Iberian countries using information of public debt interest rates of Spain and Portugal and macroeconomic factors extracted from a set of macroeconomic variables, including indicators of activity, prices and confidence. Results show that the inclusion of confidence and macroeconomic factors in the analysis of the relationship between macroeconomics and interest rate structure is extremely relevant. The results obtained allow us to conclude that there is a strong impact of changes in macroeconomic factors on the term structure of interest rates, as well as a significant impact factors of the term structure in the future evolution of macroeconomic factors.
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Chaudhry, Imran Sharif, Gulshan Ameer, and Syed Ali Akbar Rizvi. "Public Spending and Macroeconomic Performance in Pakistan: An Empirical Analysis." Review of Economics and Development Studies 2, no. 2 (2016): 103–16. http://dx.doi.org/10.26710/reads.v2i2.128.
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Public spending management is the base of stable macroeconomic environment .This empirical study has explored the relation between public spending and economic performance, in the context of Pakistan. An attempt is made to examine the growth effects of public spending for the economy of Pakistan. To observe the public spending and Pakistan’s macroeconomic performance, time series data has been used for the period of 1972-2012. GDP growth has taken as the dependent variable. By applying the Auto regressive Distributive Lag (ARDL) technology macroeconomics performance of Pakistan has been analyzed. Our results indicate that government expenditure has positive and significant effects but excessive government expenditure have negative effects on the economy’s performance. This study may suggest that provision of more incentives to the main sectors of the economy will lead to the sound economic conditions.
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Belesis, Nicholas, and Emmanouil Gazilas. "THE FINANCIAL PERFORMANCE AND MACROECONOMIC DYNAMICS IN THE GREEK RETAIL LANDSCAPE." Actual Problems of Economics 1, no. 269 (2023): 6–25. http://dx.doi.org/10.32752/1993-6788-2023-1-269-6-25.
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This study provides a comprehensive analysis of the Greek retail sector's financial landscape from 2015 to 2021, examining seven distinct subsectors. Employing rigorous financial ratio analysis and correlating results with macroeconomic indicators, the research reveals nuanced patterns in profitability, capital utilization, and liquidity. The findings underscore the sector's adaptability to macroeconomic shifts, with notable variations among subsectors. As Greece navigates economic fluctuations, strategic planning for diverse retail segments becomes imperative for sustained success. The study contributes valuable insights for stakeholders seeking to navigate the complex interplay of macroeconomics and finance in the dynamic retail environment.
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Smirnov, S. V., N. V. Kondrashov, and A. S. Kachur. "Macroeconomic forecasting and macroeconomic forecasts." Voprosy Ekonomiki, no. 2 (February 6, 2024): 23–48. http://dx.doi.org/10.32609/0042-8736-2024-2-23-48.
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The specificity of macroeconomic forecasts is determined not so much by the list of predicted indicators or by mathematical tools used, but by the unavoidable human factor, which often generates great difference between forecasts made by various professionals. In Russian-language literature, this psychological aspect of macroeconomic forecasting has not received any attention; our work is designed to fill this gap. As a source of statistical data we used the forecasts extracted from the quarterly Poll of Professional Forecasters (PPF), which began in the first quarter of 2000. An analysis of real GDP and CPI forecasts made it possible to identify optimists and pessimists among independent experts, and also to show that the official forecasts by the Russian Ministry of Economic Development and the Bank of Russia are often too optimistic (with the possible exception of forecasts for a current year). It was also confirmed that the accuracy of consensus-forecasts exceeds (in the long run) not only that of official forecasts, but also forecasts made by the vast majority of independent experts. This asserts consensus-forecasts as a benchmark against which macroeconomic forecasts of other experts and organizations should be compared. An analysis of errors for different forecast horizons showed that in the medium term, the most significant ones are associated with underestimation of the resilience of the Russian economy to external shocks. This aspect of macroeconomic forecasting is closely related to forecasting cyclical dynamics (in particular, recessions, their beginning, depth and duration). Currently, this is just what requires additional attention by macroeconomic forecasters.
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T., Kusuma, and Dr Senthil Kumar J.P. "Macroeconomic Performance Analysis of Selected Indian Mutual Funds." NeuroQuantology 20, no. 5 (2022): 696–703. http://dx.doi.org/10.14704/nq.2022.20.5.nq22225.
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Investors in India have various investment options from mutual funds to make a profit. Among other financial instruments, investing in mutual funds ensures that investors are exposed to the least risk and receive the highest possible return. As more focus is placed on increasing domestic savings and improving investment diversification, mutual fund operations' demand for and scope has grown. As a result, it became critical to research the mutual fund industry and its performance. The purpose of this study is to assess the performance of a few selected Indian mutual fund schemes based on their daily net asset value (NAV) over ten years from 2012 to 2021. The study will use a sample of ten open-ended, growth-oriented equity funds. Regression and correlation analysis were used to find the funds' performance of macro economic factors, and the results will help investors make smarter investment decisions. This study concludes that inflation, interest rates, GDP, and Net Asset Value of Equity mutual funds all have a 0.8 percent impact on fund's performance based on the determination coefficient.
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Sarkambaeva, Sh, and N. Sailaubekov. "Macroeconomic Analysis and General Economic Equilibrium of Kazakhstan." ECONOMIC Series of the Bulletin of the L.N.Gumilyov ENU, no. 3 (September 26, 2024): 9–20. http://dx.doi.org/10.32523/2789-4320-2024-3-9-20.
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The paper studies general equilibrium in the economy of Kazakhstan. The purpose of the study is to estimate the equilibrium real interest rate for the economy within current frameworks. The IS-LMBP curves are plotted based on corresponding regression models of the real output measured by GDP. The exogenous variables are taken for the regressions according to the theoretical propositions. The quarterly data for 2008Q1-2022Q4 published in the datasets and bulletins of the Committee for Statistics and the National Bank of the Republic of Kazakhstan were used. Some consequences of the change in the exchange rate regime and in macroeconomic policy framework on macroeconomic relationships were revealed. Effectiveness of using interest rate as an instrument in maintaining inflation targeting policy is still ambiguous for the case of Kazakhstan. This study demonstrates the general equilibrium state of the national economy and specifications of the curves listed above. The results can be used to assign further the nominal interest rate using Taylor type rules
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Sordi, Serena. "Dynamical systems in macroeconomics: Alternative approaches to the analysis of macroeconomic fluctuations." Journal of Economic Dynamics and Control 10, no. 1-2 (1986): 261–67. http://dx.doi.org/10.1016/0165-1889(86)90048-5.
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Choudhury, Masudul Alam. "A New Macroeconomic Architecture for the Stock Market A General-System and Cybernetic Approach." International Journal of Innovation in the Digital Economy 4, no. 2 (2013): 1–17. http://dx.doi.org/10.4018/jide.2013040101.
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The old idea of segmented macroeconomics of the financial sector competing with the real economy is replaced by a new model, which manifests strong interaction, integration and co-evolution by circular causation relations between the monetary sector and the real economy with the bridging function of finance and financial instruments. The Money, Finance, Spending and Real Economy (MFSRE) model emerges. This model formalizes the new architecture for the macroeconomy, and its relationship to the stock market. In this model relating to a reconstructed state of the economy and the emergent structure of the financial architecture, money and spending are treated as complementary elements of growth and development. The overarching structure in the end is the MFSRE with its extensively complementary inter-variables relationship in a general system and cybernetic form of interrelationships. The economic organization of the MFSRE causes price stabilization and economic growth and development. These are signified in the social wellbeing criterion of the good economy. The stock market, exemplified by the empirical case study of Bangladesh’s state of the economy and the Dhaka Stock Exchange, bring out the true example of the macroeconomic analysis. The new financial architecture with its stabilization, sustainability and growth and wellbeing as basic-needs regime of development is contrasted with old macroeconomic belief and policies based on outmoded macroeconomic beliefs and futures.
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Basheer, Zaid Muayad, Omer Abdulrahman Jadaan, and Hayder Dhahir Mohammed. "Determinants of Macroeconomics in Jordanian Islamic Banks." Journal of Business and Management Studies 4, no. 4 (2022): 179–86. http://dx.doi.org/10.32996/jbms.2022.4.4.17.
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This study aimed to identify the determinants of macroeconomics in Jordanian Islamic banks. The study sample consisted of (3) Islamic banks during the period (2010-2020), and the descriptive and analytical approach was followed, and many statistical methods were used, such as descriptive statistics and regression analysis. The results showed that there is a statistically significant impact at the significance level (α0.05) for the determinants of the macroeconomics in Jordanian Islamic banks, while it was found that there is no statistically significant impact at the significance level (α£0.05) of institutional ownership on the macroeconomic in Jordanian Islamic banks, but there is a statistically significant impact at the significance level (α£0.05) of financial leverage, bank size, and profitability on the macroeconomic in Jordanian Islamic banks. The study recommended that banks be very keen on distributing profits appropriately in order to encourage investors to continue investing in the bank or invest by new investors from the macroeconomic level.
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Kurpayanidi, Konstantin, Nilufar Nabiyeva, Shokhistakhon Akhunova, and Mukhayyo Tukhtasinova. "Analysis of the State's Macroeconomic Policy." Revista Gestão Inovação e Tecnologias 11, no. 4 (2021): 4669–80. http://dx.doi.org/10.47059/revistageintec.v11i4.2495.
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In this article, the authors propose to bring macroeconomic policy to the level of state policy by studying various approaches to the concept of macroeconomic policy in order to reduce unemployment and inflation, support an increase in macroeconomic indicators, prevent economic crises and ensure sustainable functioning of the economy. An analysis based on the example of Uzbekistan shows what measures are being taken by the government to digitalize the economy during a pandemic and what needs to be done by the government. Based on the analysis of the branches of macroeconomic policy on the example of the Republic of Uzbekistan, some measures are proposed for the optimal solution of problems associated with macroeconomic policy.
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Melnyk, Oleksandra. "Macroeconomic content of financial programming." Market Relations Development in Ukraine 123, no. 10(281) (2024): 5–10. https://doi.org/10.5281/zenodo.14367089.
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The subject of the study is the macroeconomic content of financial programming. The purpose of the study is to determine the main aspects of the macroeconomic content of financial programming. Research methods. The work uses the dialectical method of scientific knowledge, the method of analysis and synthesis, the comparative method, and the method of summarizing data.Work results. The article presents the main aspects of the macroeconomic content of financial programming. The importance of financial programming at the macroeconomic level is characterized. It has been established that financial programming in macroeconomics is not only a technical, but also a social tool.Conclusions. Financial programming in the macroeconomic context is an integral part of modern economic policy, which ensures the balanced use of resources and the achievement of strategic development goals. It covers a wide range of aspects, from budget planning to the analysis of macroeconomic indicators, which enables states and enterprises to forecast and adapt to changing economic conditions. At the macro level, financial programming involves coordination among various economic agents, establishing links between government spending, investment, and consumption. It influences on the level of employment and the national product, forming the basis for sustainable economic growth. Given the globalization and constant changes in the financial environment, effective financial programming becomes important to prevent economic crises and ensure stability. The integration of financial technologies into economic forecasting processes also opens up new horizons for analysis and management of risks, identifying opportunities for a more flexible approach to financial planning in the face of uncertainty.
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Tang, Qiming, and Meijuan Li. "Analysis of myanmar’s macroeconomic development." E3S Web of Conferences 235 (2021): 01022. http://dx.doi.org/10.1051/e3sconf/202123501022.
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In recent years, the total GDP of myanmar has been increasing year by year. The year of 2018, the CPI growth rate reached 6.9%, although, the GDP growth rate of myanmar has increased to 6.8%, High economic growth and high inflation coexist. Myanmar’s unemployment rate is at a low level, stable at less than 2 percent. The import and export trade is in deficit. The net inflow of FDI is at a relatively stable low level. But there has been a big increase since 2010.In terms of international balance of payments, since 2012, with a large influx of foreign investment into myanmar’s infrastructure and other industries, the import demand for machinery and equipment has expanded significantly, and myanmar’s current account deficit has significantly expanded.
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Tang, Qiming, and Meijuan Li. "Analysis of Cambodia’s macroeconomic development." E3S Web of Conferences 235 (2021): 01015. http://dx.doi.org/10.1051/e3sconf/202123501015.
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From 2012 to 2018, the annual GDP growth rate of Cambodia exceeded 7%, maintaining rapid development for 7 consecutive years, and it is one of the fastest economic growth rates among developing countries in Asia in recent years. The overall unemployment rate is low, the inflation is moderate and controllable, the trade deficit between import and export, the net inflow of foreign direct investment is increasing by years, and the foreign exchange reserve is growing steadily. In the future, the macro economy of Cambodia will continue to maintain a strong growth momentum.
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Tang, Qiming, and Meijuan Li. "Analysis of Bangladesh’s macroeconomic development." E3S Web of Conferences 235 (2021): 01018. http://dx.doi.org/10.1051/e3sconf/202123501018.
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In recent years, the economy of Bangladesh has a rapid growth, with the total GDP increasing by years, reaching $274 billion in 2018. GDP per capita is relatively low, but it grows steadily every year. GDP growth has been above 7% since 2016, and reached 7.86% in 2018.Bangladesh’s unemployment rate remains around 4.2%; the rate of inflation is generally on the decline, and the total volume of imports and exports increases steadily. But, its import and export trade has been in deficit, and the deficit has been expanding by years. Foreign direct investment is at a low level, accounting for less than 2% of GDP. The current account balance fluctuates in a large range, and it ran a current account deficit in 2017.
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Woodford, Michael. "Financial Intermediation and Macroeconomic Analysis." Gospodarka Narodowa 252, no. 11-12 (2011): 109–39. http://dx.doi.org/10.33119/gn/101108.
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Kokotkina, T. N., and N. S. Sadovin. "PRODUCTION FUNCTIONS IN MACROECONOMIC ANALYSIS." Territory Development, no. 1 (2022): 33–40. http://dx.doi.org/10.32324/2412-8945-2022-1-33-40.
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Guner, Nezih, Remzi Kaygusuz, and Gustavo Ventura. "Taxing women: A macroeconomic analysis." Journal of Monetary Economics 59, no. 1 (2012): 111–28. http://dx.doi.org/10.1016/j.jmoneco.2011.10.004.
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Woodford, Michael. "Financial Intermediation and Macroeconomic Analysis." Journal of Economic Perspectives 24, no. 4 (2010): 21–44. http://dx.doi.org/10.1257/jep.24.4.21.
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Understanding phenomena such as the recent financial crisis, and possible policy responses, requires the use of a macroeconomic framework in which financial intermediation matters for the allocation of resources. Neither standard macroeconomic models that abstract from financial intermediation nor traditional models of the “bank lending channel” are adequate as a basis for understanding the recent crisis. Instead we need models in which intermediation plays a crucial role, but in which intermediation is modeled in a way that better conforms to current institutional realities. In particular, we need models that recognize that a market-based financial system—one in which intermediaries fund themselves by selling securities in competitive markets, rather than collecting deposits subject to reserve requirements—is not the same as a frictionless system. I sketch the basic elements of an approach that allows financial intermediation and credit frictions to be integrated into macroeconomic analysis in a straightforward way. I show how the model can be used to analyze the macroeconomic consequences of the recent financial crisis and conclude with a discussion of some implications of the model for the conduct of monetary policy.
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Dungan, D. Peter, and Thomas A. Wilson. "Macroeconomic effects and sensitivity analysis." Journal of Policy Modeling 13, no. 3 (1991): 435–57. http://dx.doi.org/10.1016/0161-8938(91)90025-t.
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Barrett, Scott. "Macroeconomic analysis of environment policy." Ecological Economics 12, no. 3 (1995): 250–51. http://dx.doi.org/10.1016/0921-8009(95)90155-8.
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Tipa, Handra, Neni Marlina Br Purba, Yuliadi Yuliadi, and Viola Syukrina E Janrosl. "MACROECONOMIC ANALYSIS OF STOCK RETURNS." JIM UPB (Jurnal Ilmiah Manajemen Universitas Putera Batam) 11, no. 2 (2023): 255–65. http://dx.doi.org/10.33884/jimupb.v11i2.7238.
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This study was done to investigate how the macroeconomic environment affects stock returns. Whereas sampling is based on the research criteria, the population of the study consists of financial organizations registered in LQ45. A number of analyses, including descriptive analysis, traditional presumptions, and hypothesis testing (t test, f test, and r square test), are used in the data processing approach. According to the analysis test, while inflation and interest rates have an impact on stock returns, it is not statistically significant. In contrast, the stock return has a considerable impact on the currency rate. The three independent variables have a considerable impact on stock returns when tested together.
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Posnaya, Elena, and Alina Denisenko. "Influence of Macroeconomic Factors on the Management of the Enterprise’s Finance." Regionalnaya ekonomika. Yug Rossii, no. 4 (December 2019): 61–69. http://dx.doi.org/10.15688/re.volsu.2019.4.7.
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The paper assesses the relationship of macroeconomic processes and financial activities of enterprises, which require taking appropriate financial decisions. The authors carry out a brief analysis of the latest scientific publications on the macroeconomics impact on the strategy development for enterprises functioning in finance. The article assesses the role of analyzing macroeconomic factors in financial management of enterprises. The researchers identify the macroeconomic indicators that cause the necessity of a response from financial management. The authors analyze the influence of macroeconomic environment on the results of its activities and develop possible financial solutions that are adequate to the macroeconomic situation using the example of an existing enterprise. The problem of the influence of macroeconomic indicators on finances of domestic enterprises is explained by the fact that, in an unstable situation in the economic environment, negative results may arise in the activities of enterprises associated with the crisis of nonpayments, inflation, the fall in the national income, etc. In these conditions, it is advisable to make reasonable decisions in terms of confronting the crisis effects with an additional impact of such internal factors as the significant depreciation of fixed assets, the use of obsolete technologies with a low solvency level. The study proposes a mechanism for analyzing macroeconomic factors that affect the activities of a particular enterprise. The authors calculate the basic indicators of the activities of the operating enterprise and draw the conclusion on the relationship of their values with the main macroeconomic indicators using various financial analysis methods. The researchers identify and determine a close interconnection of strategic decisions made by the enterprise management taking into account the values of macroeconomic indicators and the enterprise’s financial results for several previous periods.
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Andreyev, Mikhail, and Andrey Polbin. "Trends of Macroeconomic Models." Administrative Consulting, no. 2 (June 7, 2019): 24–33. https://doi.org/10.22394/1726-1139-2019-2-24-33.
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This article provides an overview and analysis of the ideas of the leading macroeconomists expressed in the issue “Rebuilding Macroeconomic Theory”, Oxford Review of Economic Policy journal. These ideas were expressed in connection with the discussion of the future of macroeconomic models. The motivation for the discussion lies in the poor performance of macroeconomic models before the global economic crisis of 2007–2008 and in the subsequent period of recovery. The main issue considered by economists is the possible changes in the basic neo-Keynesian model and DSGE-models as a whole.It was found that there are three directions for the solution of the issue. First, the rejection of the primary role of DSGE-models in the analysis of modern macroeconomics and the use of other types of models. Secondly, the elimination of deficiencies of existing models associated with poor justification at the micro level, as well as an unsatisfactory description of financial frictions. Thirdly, it is possible not to make any targeted efforts, since the class of DSGE-models is still the most efficient. The paper concludes that the second path of development is more preferable.
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Liu, Jianing, Junjun Ma, and Yafei Tai. "The Impact Mechanism of Non-Economic Policies on Social and Investor Disagreement in China: A Dual Analysis Based on Empirical Evidence and DSGE Models." Systems 12, no. 12 (2024): 538. https://doi.org/10.3390/systems12120538.
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This study investigates the integration of non-economic policies into the framework for assessing macroeconomic coherence as applied by the Chinese government, with a particular focus on green policies. We examine the impact of non-economic factors on social disagreement and investor disagreement (expectations), and how these influences interact with macroeconomic regulation, employing both empirical evidence and dynamic stochastic general equilibrium (DSGE) theoretical models. In the basic analysis section, we merge statistical data on social divergence with policy implementation, utilizing multiple regression and deep neural network models. Our findings provide direct evidence that non-economic policies significantly regulate social sentiment. Additionally, theoretical analyses using contagion models, grounded in real textual data on social and investor divergence, demonstrate that expectations of social sentiment can ultimately affect economic variables. In the extended analysis, we enhance the classic DSGE model to delineate the pathways through which non-economic policies impact the macroeconomy. Drawing from our analyses, we propose specific optimization measures for non-economic policies. The results indicate that targeted policy optimization can effectively manage social disagreement, thereby shaping expectations and harmonizing non-economic with economic policy initiatives. This alignment enhances the coherence of macroeconomic policy interventions. The innovative contribution of this study lies in its provision of both theoretical and empirical evidence supporting the formulation of non-economic policies for the first time, alongside specific recommendations for improving the consistency of macroeconomic policies.
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Prayogi, Andrianto. "Pengaruh Makroekonomi terhadap Ekspor Negara ASEAN Saat Terjadi Pandemi Covid-19 Tahun 2020-2021." Jurnal Ilmu Ekonomi JIE 7, no. 02 (2023): 332–45. https://doi.org/10.22219/jie.v7i02.23866.
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The purpose of this study was to determine the macroeconomic influence on export conditions in the ASEAN region during the Covid-19 pandemic. This research uses a quantifiable approach method. The data analysis tool used multiple linear regression analysis using panel data. The results of this study show that partially macroeconomic variables have a negative and significant effect on exports in the ASEAN region, exchange rate variables have a negative and significant effect on exports. Interest rates have a negative and significant effect, Inflation has a negative and significant effect. Simultaneously, macroeconomics has a positive and significant effect on ASEAN countries' exports during the Covid-19 pandemic in 2020-2021
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Khan, Faridoon, Hasnain Iftikhar, Imran Khan, Paulo Canas Rodrigues, Abdulmajeed Atiah Alharbi, and Jeza Allohibi. "A Hybrid Vector Autoregressive Model for Accurate Macroeconomic Forecasting: An Application to the U.S. Economy." Mathematics 13, no. 11 (2025): 1706. https://doi.org/10.3390/math13111706.
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Forecasting macroeconomic variables is essential to macroeconomics, financial economics, and monetary policy analysis. Due to the high dimensionality of the macroeconomic dataset, it is challenging to forecast efficiently and accurately. Thus, this study provides a comprehensive analysis of predicting macroeconomic variables by comparing various vector autoregressive models followed by different estimation techniques. To address this, this paper proposes a novel hybrid model based on a smoothly clipped absolute deviation estimation method and a vector autoregression model that combats the curse of dimensionality and simultaneously produces reliable forecasts. The proposed hybrid model is applied to the U.S. quarterly macroeconomic data from the first quarter of 1959 to the fourth quarter of 2023, yielding multi-step-ahead forecasts (one-, three-, and six-step ahead). The multi-step-ahead out-of-sample forecast results (root mean square error and mean absolute error) for the considered data suggest that the proposed hybrid model yields a highly accurate and efficient gain. Additionally, it is demonstrated that the proposed models outperform the baseline models. Finally, the authors believe the proposed hybrid model may be expanded to other countries to assess its efficacy and accuracy.
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Sashi, Sivramkrishna, and Sharma Bhavish. "Macroeconomic Implications of US Sanctions on Iran: A Sectoral Financial Balances Analysis." Studies in Business and Economics 14, no. 3 (2019): 182–204. http://dx.doi.org/10.2478/sbe-2019-0053.
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AbstractIran is facing a severe macroeconomics crisis after the US (re)imposed sanctions on its oil and gas exports in May 2018, followed by additional sanctions on metal exports in 2019. Its exports have collapsed triggering a contraction of the economy along with accelerating inflation and depreciating currency. Using the sectoral financial balances (SFB) model, we study the interrelationship between several macroeconomic parameters maintaining stock-flow consistency across time and sectors of the economy. Fiscal and monetary policy cannot reverse the consequences of the sanctions although fiscal deficits as a percentage of GDP will see a rise to accommodate the domestic private sector’s desire to accumulate financial asset accumulation. The lack of a strong monetary policy mechanism in Iran may, however, be unable to quell the impact of expansionary fiscal policy on inflation and depreciating rial. Given the limited macroeconomic policy options open to Iran in dealing with the crisis Iran, the only option may be political – a return to the negotiating table with the US.
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Navickas, Valentinas, and Mantas Svazas. "Macroeconomic Dimensions in the Clusterization Processes: Lithuanian Biomass Cluster Case." Scientific Annals of Economics and Business 64, no. 1 (2017): 33–44. http://dx.doi.org/10.1515/saeb-2017-0003.
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AbstractThe Future production systems’ increasing significance will impose work, which maintains not a competitive, but a collaboration basis, with concentrated resources and expertise, which can help to reach the general purpose. One form of collaboration among medium-size business organizations is work in clusters. Clusterization as a phenomenon has been known from quite a long time, but it offers simple benefits to researches at micro and medium levels. The clusterization process evaluation in macroeconomic dimensions has been comparatively little investigated. Thereby, in this article, the clusterization processes is analysed by concentrating our attention on macroeconomic factor researches. The authors analyse clusterization’s influence on country’s macroeconomic growth; they apply a structure research methodology for clusterization’s macroeconomic influence evaluation and propose that clusterization processes benefit macroeconomic analysis. The theoretical model of clusterization processes was validated by referring to a biomass cluster case. Because biomass cluster case is a new phenomenon, currently there are no other scientific approaches to them. The authors’ accomplished researches show that clusterization allows the achievement of a large positive slip in macroeconomics, which proves to lead to a high value added to creation, a faster country economic growth, and social situation amelioration.
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Navickas, Valentinas, and Mantas Svazas. "Macroeconomic Dimensions in the Clusterization Processes: Lithuanian Biomass Cluster Case." Annals of the Alexandru Ioan Cuza University - Economics 64, no. 1 (2017): 33–44. http://dx.doi.org/10.1515/aicue-2017-0003.
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Abstract The Future production systems’ increasing significance will impose work, which maintains not a competitive, but a collaboration basis, with concentrated resources and expertise, which can help to reach the general purpose. One form of collaboration among medium-size business organizations is work in clusters. Clusterization as a phenomenon has been known from quite a long time, but it offers simple benefits to researches at micro and medium levels. The clusterization process evaluation in macroeconomic dimensions has been comparatively little investigated. Thereby, in this article, the clusterization processes is analysed by concentrating our attention on macroeconomic factor researches. The authors analyse clusterization’s influence on country’s macroeconomic growth; they apply a structure research methodology for clusterization’s macroeconomic influence evaluation and propose that clusterization processes benefit macroeconomic analysis. The theoretical model of clusterization processes was validated by referring to a biomass cluster case. Because biomass cluster case is a new phenomenon, currently there are no other scientific approaches to them. The authors’ accomplished researches show that clusterization allows the achievement of a large positive slip in macroeconomics, which proves to lead to a high value added to creation, a faster country economic growth, and social situation amelioration.
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Shkarupa, Olena. "Review on a monograph: “Marketing and Management of Green Investment: Theoretical Foundations, Current Challenges, and Development Prospects”." SocioEconomic Challenges 4, no. 2 (2020): 108–9. http://dx.doi.org/10.21272/sec.4(2).108-109.2020.
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Author: Tetyana Pimonenko, ORCID: https://orcid.org/0000-0001-6442-3684 Dr. Sc., Department of Marketing, Sumy State University, Ukraine Reviewer: Olena Shkarupa, ORCID: https://orcid.org/0000-0002-8990-0886 Dr. Sc., Department of Economics, Entrepreneurship and Business Administration, Sumy State University, Ukraine DOI: https://doi.org/10.21272/sec.4(2).108-109.2020 Download: Views: Downloads: 42 7 Abstract The author generalized the theoretical and methodological foundations of macroeconomic stability. The considered monograph analyzes the main scientific and methodological approaches to the interpretation of the concepts of stability, financial stability, and macroeconomic stability. The author interprets the concept of macroeconomic stability in terms of two aspects: first, the balance between the level and growth of key macroeconomic indicators; secondly, it is a process of prevention, elimination of threats to economic growth to meet the growing needs of economic entities in conditions of limited resources and increase the influence of systemically important banks on the financial system functioning. The monograph develops the classification of approaches to understanding the essence of macroeconomic stability, which allowed to distinguish dynamic, equilibrium, functional, efficient, resource, structural-equilibrium, elementary approaches, to describe their essence, advantages, disadvantages, and limitations in application. The methodological basis of the research was the following tools: TOPSIS method, comparative and cluster analysis, principal components method, Arellano-Bond method, Fishburne method; generalized method of moments (GMM), Spearman’s rank correlation method, regression, and statistical analysis. The monograph “Macroeconomic Stability of the National Economy” will be useful for students, teachers, graduate students, and researchers. The monograph proposes methodological principles for assessing macroeconomic stability, which is based on five main indicators of public economic policy (GDP growth rate, unemployment, inflation, external debt, the state budget deficit/surplus). This allows a comprehensive approach to the analysis of achieving the goals of the macroeconomic stability of the national economy. The author has developed a method of assessing the level of social progress in the growth of the national economy, which takes into account the impact of qualitative and quantitative indicators of society and justifies the mutual influence of macroeconomic stability and social progress. Keywords: macroeconomics, stability, national economy.
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Grace Felipa. "Macroeconomics: An Overview of Key Concepts and Policies." International Journal of Science and Society 5, no. 3 (2023): 144–52. http://dx.doi.org/10.54783/ijsoc.v5i3.732.
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This scientific journal article provides an in-depth analysis of macroeconomics, focusing on its fundamental concepts and policies. Macroeconomics is a vital field in economics that examines the behavior of an entire economy, studying factors like aggregate production, unemployment, inflation, and economic growth. This article aims to shed light on the key principles governing macroeconomic phenomena and the policies employed to stabilize and improve economic conditions. By understanding macroeconomics, policymakers can make informed decisions to foster sustainable economic development.
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Woodford, M. "Convergence in Macroeconomics: Elements of the New Synthesis." Voprosy Ekonomiki, no. 10 (October 20, 2010): 17–30. http://dx.doi.org/10.32609/0042-8736-2010-10-17-30.
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While macroeconomics is often thought of as a deeply divided field, with less of a shared core and correspondingly less cumulative progress than in other areas of economics, in fact, there are fewer fundamental disagreements among macroeconomists now than in past decades. This is due to important progress in resolving seemingly intractable debates. In this paper, the author reviews some of those debates and outlines important elements of the new synthesis in macroeconomic theory. The author discusses the extent to which new developments in theory and research methods are already affecting macroeconomic analysis in policy institutions.