IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789813223837_0010.html
   My bibliography  Save this book chapter

Using Macroeconomic And Structural Policies To Attain Macroeconomic Objectives

In: MACROECONOMIC ANALYSIS AND POLICY A Systematic Approach

Author

Listed:
  • Joshua E Greene

Abstract

As mentioned in Chapter 1 of this book, most governments aim to achieve several broad macroeconomic objectives. These include operating near potential output and attaining an acceptable level of economic growth; achieving relative price stability (low inflation); and maintaining a sustainable external position, meaning a sound balance of payments and a modest level of external debt. We can group these objectives under two broad headings: macroeconomic stability and growth. Stability implies operating close to potential output, with low inflation and a sustainable external position. To be compatible with stability, growth must allow the economy to expand at a rate consistent with potential output, without threatening excessive inflation or an unsustainable balance of payments as productive capacity expands…

Suggested Citation

  • Joshua E Greene, 2018. "Using Macroeconomic And Structural Policies To Attain Macroeconomic Objectives," World Scientific Book Chapters, in: MACROECONOMIC ANALYSIS AND POLICY A Systematic Approach, chapter 10, pages 183-212, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789813223837_0010
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789813223837_0010
    Download Restriction: Ebook Access is available upon purchase.

    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789813223837_0010
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Macroeconomics; Macroeconomic Data; Macroeconomic Policy; Macroeconomic Objectives; Macroeconomic Accounts; Macroeconomic and Structural Policies;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9789813223837_0010. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.