A General Approach to Macroeconomic Policy

An extension of the analysis of macroeconomic policy from the need to deal with two problems (inflation and unemployment) to include the state of the current account of the balance of payments, and the effect of the level of investment and the state of the balance of payments. Front Matter....Pages i-x Introduction....Pages 1-4 Macroeconomic Policy with Two Objectives: Basic Arguments....Pages 5-19 Internal Objectives: Empirical Evidence....Pages 20-43 Dealing with Two Macroeconomic Problems....Pages 44-56 The Macroeconomic Mix in the Open Economy: Basic Arguments....Pages 57-67 The Mix in the Open Economy: Some Empirical Evidence....Pages 68-87 Three Instruments and Three Objectives: A Framework for Analysis....Pages 88-103 Deregulation and Macroeconomic Policy....Pages 104-118 The Macroeconomic Mix and the World Economy....Pages 119-134 Back Matter....Pages 135-139