Macroeconomics studies an overall economy or market system, its behaviors, the factors that drive it, and how to improve its performance.

"Macroeconomics can be broadly divided into two schools of thoughts: neoclassical economics and Keynesian economics." Such is how an introductory chapter begins in a typical macroeconomics textbook ...

In place of the standard search equilibrium, this paper presents an alternative concept of stochastic macro-equilibrium based on the principle of statistical physics. This concept of equilibrium is ...

The income expenditure model of economics was developed by John Maynard Keynes to explain fluctuations in production of goods and services and spending. The model basically states that we produce as ...

Due to frequent headlines, there is a substantial public awareness of core macroeconomic issues like unemployment, trade agreements, exchange rates, deficit, taxes, interest rates, etc. However, even ...

While the markets overall are fairly relaxed about the outcome of the election, there is one market where we have seen a significant reaction to the outcome of the election, and that is the bond ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...

Mark Thoma recently wrote a piece on the failures of macroeconomics and the need for new thinking in macroeconomics. His main criticisms are as follows: I should note that Thoma also criticizes the ...