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RBA Glossary definition for macro economy

macro economy – The economy looked at as a whole or in terms of major components measured by aggregates such as gross domestic product, the balance of payments and related links, in the context of the national economy. This contrasts with microeconomics which focuses upon specific firms or industries.

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12 May 2023 RDP 2023-04
Jonathan Hambur and Qazi Haque
likely to combine true policy shocks with additional information about the state of the economy – an information shock. ... Overall, they find that Action shocks affect the economy like textbook monetary policy shocks.
https://www.rba.gov.au/publications/rdp/2023/2023-04/related-literature.html

Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!

1 Apr 2023 RDP 2023-04
Jonathan Hambur
Overall, they find that Action shocks affect the economy like textbook monetary policy shocks. ... it reflect forward guidance or signalling about the state of the economy and rates in the future?
https://www.rba.gov.au/publications/rdp/2023/2023-04/full.html