By the end of this course students should understand the forces determining macroeconomic variables such as inflation, unemployment, interest rates, and the exchange rate; be able to formulate and ...

The MPO consists of individual country notes that provide an overview of recent developments, forecasts of major macroeconomic variables and poverty during 2024-2026, and a discussion of critical ...

prices and inflation—subject to the assumption that wages reacted only slowly to changes in other economic variables. Large, empirically estimated macroeconomic models made the Keynesian model more ...