| The view expressed by Hamilton is that oil shocks affect the macroeconomy primarily by depressing demand for key consumption and investment goods. |
| First, the relationship between the monetary standard and the macroeconomy is not addressed. |
| Tax cuts don't help the macroeconomy much in the short run, unless the previous level of taxation is extortionate, above maybe sixty percent. |
| Today, more than ever, we need business leaders who not only build their own companies but also assume new roles in building the macroeconomy. |
| But it makes sense for the fiscal stance to contribute to controlling the macroeconomy. |
| There is no discussion on the role of the entrepreneur in the broader macroeconomy, development, or growth. |
