Quotes About Macroeconomics

Once an economy reaches a certain level of acceleration... the Fed is no longer with you... The Fed, instead of trying to get the economy moving, reverts to acting like the central bankers they are and starts worrying about inflation and things getting too hot.

Fiscal policy is a very important part of the tool kit for policy makers.

Tras los recientes acontecimientos, uno se pregunta si la macroeconomía es la especialidad de algún economista.

I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow for people to avoid being exposed to inflation risk.

Trump will fail even in his proclaimed goal of reducing the trade deficit, which is determined by the disparity between domestic savings and investment.

Funnily enough, the Federal Reserve produced comics about monetary policy, and there is a good comic book guide to microeconomics and macroeconomics out there. But it is not really appropriate for younger readers; it is really aimed at economics students.

Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.

Deflation isn't good, and inflation is easier to cure than deflation.

To try to cure unemployment by inflation rather than by adjustment of specific wage-rates is like trying to adjust the piano to the stool rather than the stool to the piano.

The Keynesian belief that 'demand' is always at the root of underemployment and slow growth is a fallacy.

To be sure, faster growth in nominal labor compensation does not necessarily portend higher inflation.

There's nothing in Keynesian economics that would allow you to solve stagflation. But there's nothing in neoclassical economics that would allow you to solve stagflation, either.

However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.

The income effects in an economy always sum to zero.

It was gradually learned that acceptance of a somewhat higher inflation rate would not really bring somewhat higher employment.

Monetary policy causes booms and busts.

There are two main drivers of asset class returns - inflation and growth.

By discouraging saving and encouraging consumption, accelerating inflation had stimulated output and employment

Many Russians had supported macroeconomic stabilization because they believed it was a necessary foundation for economic progress. Kudrin counseled continued caution. But many Russians believed that, because the country had sorted out its finances, it was time to reap the benefits of growth.

My decision to leave applied mathematics for economics was in part tied to the widely-held popular belief in the 1960s that macroeconomics had made fundamental inroads into controlling business cycles and stopping dysfunctional unemployment and inflation.

If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain.

Currently a level of unemployment of 7 percent or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation.

There will not be an automatic increase in interest rate when unemployment hits 6.5%.

If Australia finds it has a strong Australian dollar, and it has higher unemployment, then it would have to respond, and that would either be by increasing domestic demand or by weakening its own currency.