Macroeconomic Policy

Abstract

Putting together a book of this kind is, as noted in the preface, a bit like constructing a jigsaw puzzle which comes in a completely blank box where the first problem to be addressed is ensuring that the section of the overall picture visible on each piece of the jigsaw is as clear as possible. We have addressed this task in the chapters up to this point. None of these chapters has been entirely self-contained because it is not possible to view inflation, unemployment or any other element of what is ultimately an interacting system entirely in isolation. Of necessity, therefore, anyone who has read through the entire text up to this point will have learned a good deal about the overall picture, but not enough to put the jigsaw together without a certain amount of additional assistance.