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Conventional Macroeconomic Policy

In: Public Finance and Islamic Capital Markets

Author

Listed:
  • Syed Aun R. Rizvi

    (Lahore University of Management Sciences)

  • Obiyathulla I. Bacha

    (International Centre for Education in Islamic Finance (INCEIF))

  • Abbas Mirakhor

    (International Centre for Education in Islamic Finance (INCEIF))

Abstract

The goals of economics of sovereign nations have been deliberated for decades, and much insight has gone into refining them to a standardized macroeconomic framework. Our current world, with its recurring economic crises and financial breakdowns, has raised questions on this very macroeconomic framework. In this chapter we explore the goals and objectives of the macroeconomic framework of modern-day societies. This is followed by a deliberation on the policies that contribute to achieving these economic goals, namely, fiscal, monetary and exchange rate policies. With the focus of the book on the fiscal aspect, the chapter delves deep into these policies by exploring the financing, the tools and the alternatives available in a fiscal policy framework.

Suggested Citation

  • Syed Aun R. Rizvi & Obiyathulla I. Bacha & Abbas Mirakhor, 2016. "Conventional Macroeconomic Policy," Palgrave Studies in Islamic Banking, Finance and Economics, in: Public Finance and Islamic Capital Markets, chapter 0, pages 1-21, Palgrave Macmillan.
    • Handle: RePEc:pal:psibcp:978-1-137-55342-3_1
    DOI: 10.1057/978-1-137-55342-3_1
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