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Chapter from: "A Concise Guide to Macroeconomics, Second Edition: What Managers, Executives, and Students Need to Know"
Published by: Harvard Business Publishing
Originally published in: 2014
Version: 29 November 2014

Abstract

In Chapter 3, Expectations (19 pages), the author discusses expectations - the third of three pillars that make up his description of the fundamentals of macroeconomics. The author examines inflation and ways to control it. He looks at how to manage declines in output through monetary policy and fiscal policy and reviews Keynesian fiscal policy. He also examines interest rates and exchange rates in relation to expectations.

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Abstract

In Chapter 3, Expectations (19 pages), the author discusses expectations - the third of three pillars that make up his description of the fundamentals of macroeconomics. The author examines inflation and ways to control it. He looks at how to manage declines in output through monetary policy and fiscal policy and reviews Keynesian fiscal policy. He also examines interest rates and exchange rates in relation to expectations.

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