macroeconomic school of thought

A macroeconomic school of thought is a coherent framework of theories, assumptions, and analytical methods that explains how aggregate economic variables—such as output, employment, inflation, and interest rates—are determined and interact over time.

Aliases (1)

• macroeconomic framework ×2

Instances (4)

• Phillips curve framework ("macroeconomic framework")
• New Classical macroeconomics
• New Neoclassical Synthesis ("macroeconomic framework")
• New Keynesian economics