Search: macro economy

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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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References

1 Oct 1995 RDP 9507
Palle Andersen and David Gruen
Blandy, R. (1990), ‘Comments on Chapman’, in S. Grenville (ed.), The Australian Macro-Economy in the 1980s, Reserve Bank of Australia, Sydney, pp. ... 105. Fane, G. (1990), ‘Comments on Chapman’, in S. Grenville (ed.), The Australian
https://www.rba.gov.au/publications/rdp/1995/9507/references.html

Conclusions

1 Oct 1995 RDP 9507
Palle Andersen and David Gruen
Nevertheless, on balance, we conclude that macro-policies do make some difference to long-run growth. ... If this is the case, it opens a channel by which macro-policy can influence the level of long-run output.
https://www.rba.gov.au/publications/rdp/1995/9507/conclusions.html

Macroeconomic Policies and Growth

1 Oct 1995 RDP 9507
Palle Andersen and David Gruen
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1995/9507.html

Introduction

1 Oct 1995 RDP 9507
Palle Andersen and David Gruen
Download the Paper 184. KB. ‘Is there some action a government of Australia could take that would lead the Australian economy to grow like Korea's or Taiwan's? ... Conferences on macroeconomics and macroeconomic developments usually conclude with a
https://www.rba.gov.au/publications/rdp/1995/9507/introduction.html

An Overview of Long-Run Growth Trends

1 Oct 1995 RDP 9507
Palle Andersen and David Gruen
The 1951–73 era is clearly the most interesting one, especially given the macro-policy activism during the period. ... One tentative conclusion emerging from this episode is, therefore, that macro-policies aimed at smoothing the cycle may increase the
https://www.rba.gov.au/publications/rdp/1995/9507/overview-of-long-rim-growth-trends.html

Growth Theories and Empirical Evidence

1 Oct 1995 RDP 9507
Palle Andersen and David Gruen
We conclude with a final point concerning the relative persistence of growth and macro-policy indicators. ... In reality, however, a depreciating real exchange rate is part of the economy's response to higher external indebtedness (Blundell-Wignall,
https://www.rba.gov.au/publications/rdp/1995/9507/growth-theories-and-empirical-evidence.html

Inflation and Growth

1 Oct 1995 RDP 9507
Palle Andersen and David Gruen
Table 8 summarises the recent evidence, based primarily on cross-country studies for OECD economies in the 1960s, 1970s and 1980s. ... There are simply no data on economies operating with very low inflation for extended periods.
https://www.rba.gov.au/publications/rdp/1995/9507/inflation-and-growth.html