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It takes aim at a dominant macroeconomic impulse that, in popular terms (if anything seriously economic can be "popular") encompasses the rational-expectations hypothesis.
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Faced with a dangerous combination of contagious recessionary impulses, persistent macroeconomic imbalances and a reckless financial sector, the talk was about preserving a world of "solid" fundamentals and open trade and investment regimes.
Figure 4 depicts the impulse responses of some of the main relevant macroeconomic variables to the simulated debt-consolidation effort.
First, we identify the tax measures that were more likely to be influenced by other macroeconomic shocks, in order to exclude them from the estimated impulse-response functions.
In an international macroeconomic framework characterized by low inflation and low interest rates in the industrialized countries, international trade should receive a significant impulse, especially in liberalizing agricultural markets.
I focus on the impulse response functions, the standard business cycle statistics, and the ability to reproduce the cyclical components of the main macroeconomic variables.
The impulse response functions of the shocks provide insights into the propagation dynamics of the shocks, including the transmission of macroeconomic policies.
Or take macroeconomic policy.
First, macroeconomic policy.
Macroeconomic policies are sound.
(Chinen) ★ Impulse!
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com