Macro in sentence

122 examples of Macro in a sentence

A system that requires banks to accumulate more substantial buffers in good times so that they can let them run down in bad times makes sense both from a micro viewpoint and from a macro viewpoint.

At the macro level, the story of the post-2008 decade is almost always understood as a failure of economic analysis and communication.

So, while post-crisis Asia focused in the 2000’s on repairing the financial vulnerabilities that had wreaked such havoc – namely, by amassing huge foreign-exchange reserves, turning current-account deficits into surpluses, and reducing its outsize exposure to short-term capital inflows – it failed to rebalance its economy’s macro structure.

For starters, the macro data are positively synchronized and inflation remains tame.

But, relative to the macro situation, these are minor issues.

A comprehensive assessment of a country’s macro investment risk requires looking systematically at the stocks and flows of the national account to capture all dangers, including risk in the financial system and the real economy, as well as wider risk issues.

As the Arab Spring has shown, the ubiquity of information means that future coalitions need to be formed at the micro level, in the villages and valleys of places like Afghanistan and Pakistan, rather than only at the macro level of managing the global system.

So we enter the post-crisis era without any settled view on the right macro policy for either recovery or prevention of future meltdowns.

The differences that remain concern how we understand the relationships between the various reforms and the macro environment.

Beginning from rural tiered management based on the household contract system, Chinese reformers supplemented public ownership with various other forms, with the market increasingly playing its fundamental role in allocating resources under the macro control of the state.

Although Poland moved quickly toward macro stability and free prices, still almost half of its large enterprises remain in government hands, unemployment is well over 10 percent, and only a few companies are traded on its stock exchange.

Part of the reason for this may be that economic reform must now move from the macro level to the micro level, from trade and monetary policy to the web of legal and financial impediments entangling small business.

Gender inequality is also costly on a macro level.

Bad macro news can be good for markets, because a prompt policy response alone can boost asset prices.

But recent bad macro news has been bad for markets, owing to the perception of policy inertia.

This micro-institutional study of macro outcomes produced four surprises.

These four surprises highlight the need for China to move beyond mainstream economics, which emphasizes top-down macro policies, at the expense of the micro, institutional, and municipal-level reforms.

Befitting the continent’s strong macro trends, the survey found a high degree of optimism among urban African consumers: 84% of respondents expect their households to be better off in two years.

Changes in the micro-political system do not necessarily lead to an adjustment in the macro structure, particularly in hyper-controlled political systems like China’s.

Since 1953, China has framed its macro objectives in the context of five-year plans, with clearly defined targets and policy initiatives designed to hit those targets.

But a series of recent shocks suggests that macro liquidity has become linked with severe market illiquidity.

So what accounts for the combination of macro liquidity and market illiquidity?

In short, though central banks’ creation of macro liquidity may keep bond yields low and reduce volatility, it has also led to crowded trades (herding on market trends, exacerbated by HFTs) and more investment in illiquid bond funds, while tighter regulation means that market makers are missing in action.

This combination of macro liquidity and market illiquidity is a time bomb.

Since assuming office in 2013, Premier Li Keqiang’s government has chosen not to loosen the previous government’s rigorous macro policies, instead hoping that the resulting pressure on existing industries might help to stimulate the authorities’ sought-after structural shift toward household consumption and services.

And, on a macro scale, it is necessary for life itself.

But extensive empirical research confirms that at the macro level, business investment depends primarily on expected future demand and output growth, not on current returns or retained earnings.

The macro evidence indicates that the primary cause of disappointing business investment in the US and other developed countries in the years following the global financial crisis has been anemic demand, not a lack of investable funds resulting from excessive distributions to shareholders.

But at the macro level, expected growth in demand and associated innovation opportunities will remain the primary drivers of business investment.

In an article in July, Sheng Songcheng, the PBOC’s head of statistics, argued that “the macro framework in a socialist market economy is superior to the Western economy,” because “the Chinese government has significant power in terms of both monetary and fiscal policy and is able to seek the optimal combination.”

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