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2009 | OriginalPaper | Chapter

Introduction

Author : Anthony J. Makin

Published in: Global Imbalances, Exchange Rates and Stabilization Policy

Publisher: Palgrave Macmillan UK

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Macroeconomic policy debates inevitably revolve around discussion of fluctuations in aggregate measures, such as national income, interest rates, inflation, unemployment, trade imbalances, exchange rates, and various wealth series, such as house price and stock-market indices. Sharp swings in these aggregates most keenly interest economists engaged in analysing their implications for the real sector, the financial sector and macroeconomic policy.

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