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macroeconomic stability

Title English: 
macroeconomic stability
Definition English: 
The concept of macroeconomic stability has undergone considerable changes in the economic discourse over the past decades. During the post-war years dominated by Keynesian thinking, macroeconomic stability basically meant a mix of external and internal balance, which in turn implied, in the second case, full employment and stable economic growth, accompanied by low inflation. Over time, fiscal balance and price stability moved to centre stage, supplanting the Keynesian emphasis on real economic activity.
Title Arabic: 
استقرار الاقتصاد الكلي
Domain: 
Economic Development
Subject: 
Economic Analysis
InformationType: 
Term
SourceSymbol: 
ST/ESA/2005/DWP/1