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...es) unlike most modern macroeconomic models in which movements in economic aggregates are driven by exogenously assumed shocks. Since Goodwin's publication in 19 ...

...ity. Nominal aggregates are not adjusted for [[inflation]]. Nominal income aggregates that can serve as targets include nominal [[gross domestic product]] (NGDP) Macroeconomic stabilisation policy aims at minimising the variance of <math> \ln{Y_{t} } ...

...conomic policy. The Bank of Canada, for example, uses the CPI, and special aggregates of the CPI, to monitor its monetary policies. ...est payments. This was felt to be a better measure of the effectiveness of macroeconomic policy. It was argued that if interest rates are used to curb inflation, th ...

...ory economists.jpg|thumb|alt=Composite images of various people related to macroeconomic theory.| ...and produced a general theory that described the whole economy in terms of aggregates rather than individual, [[microeconomic]] parts. Attempting to explain [[un ...