1945

Macroeconomic policies and growth divergence

A stable macroeconomic environment is commonly considered to be conducive to long-term growth. Economists disagree, however, about the degree and type of stability that should be the objective of macroeconomic policies. There is also dispute about whether economic stability should be the central objective of macroeconomic policies, or whether these should serve more directly broader development goals.

Related Subject(s): Economic and Social Development
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