The Objectives of Macro-Economic Policy

Front Matter....Pages i-viii
Front Matter....Pages 1-1
Macro-Economic Policy Objectives....Pages 3-34
Front Matter....Pages 35-35
The Consumption Function....Pages 37-67
The External Relationships....Pages 68-88
The Fixed-capital and Housing Investment Functions....Pages 89-115
Inventory Investment....Pages 116-145
Stabilisation Policy : The Pursuit of Internal Balance....Pages 146-220
Balance of Payments Policy : The Pursuit of External Balance....Pages 221-271
Front Matter....Pages 273-273
The Inflationary Process : Market-Clearing Approach....Pages 275-286
The Inflationary Process : The Administered-pricing Approach....Pages 287-323
Anti-inflation Policy : The Pursuit of Price Stability....Pages 324-363
Optimum Economic Growth....Pages 364-425
Growth Policy: The Pursuit of a High Growth Rate....Pages 426-446
Front Matter....Pages 447-447
Internal Balance and Price Stability....Pages 449-480
Internal Balance and External Balance....Pages 481-498
Economic Growth and Price Stability....Pages 499-514
Back Matter....Pages 516-529