Abstract
As there are a variety of approaches to the concept of macroeconomic management, the task of defining the concept is perhaps as difficult for us as explaining the concept of an ‘elephant’ was for the seven blind men in the story in the Buddhist literature.2 While some theorists see macroeconomic management as very similar to macroeconomic policy, the policy makers generally consider it to be a mechanism for handling an economic crisis, and the experts in international institutions visualise it as a system of macroeconomic financial control and regulation.
This chapter draws on some of the research material of the IMF. Washington DC. The contributor greatefully acknowledges the permission to use the same. — Editor.
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© 1995 Soumitra Sharma
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Sharma, S. (1995). The Evolution of Macroeconomic Management. In: Sharma, S. (eds) Macroeconomic Management. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-24280-1_1
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