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"Though inequality has always been perceived to be a central issue, until recently it was not believed to have major implications for macroeconomic developments," he said.
"The macroeconomic models available at the time of the crisis typically ignored the banking system and failed to allow for the possibility that bank capital shortages and credit rationing might impact on macroeconomic developments," it said.
The Irish Business and Employers Confederation is lobbying the government to break the logjam.Beyond even the government's control, however, are international macroeconomic developments, including pending decisions in Britain and America for new rounds of central-bank stimulus.
Tax measures deemed exogenous are those whose motivation is not to offset current macroeconomic developments.
Given the protracted euro area public debt crisis and the lingering fiscal consolidation needs in several countries, understanding the effects of fiscal policy on macroeconomic developments remains a crucial issue in order to promote growth and achieve fiscal sustainability.
Explanations of the persistent deficit in U.S. net exports of goods rest on macroeconomic developments and an asymmetry in elasticities: the income elasticity for imports being larger than the income elasticity for exports.
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Rising American energy output is a useful macroeconomic development.
And one of his scant pieces of public commentary about macroeconomic development directly criticizes the World Bank's approach.
"The Chinese government is focused on a very outdated understanding of macroeconomic development, thinking that it will bring everyone up to the same level, but it's clearly not working," said Sean R. Roberts, a professor at George Washington University who studies development in the region.
Financial development is clearly an important indicator of the long-run macroeconomic development.
That macroeconomic development, coupled with increasing public outrage over environmental problems caused by the sector, has pushed several prominent palm oil growers and processors to adopt "zero deforestation" policies that bar palm oil sourced at the expense of forests and peatlands.
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economical developments
monetary developments
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macroeconomic Effects
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