• Mr. Nand Kishor

Keynesian theory is rightly analyzed, and emphasized that any deficiency in aggregate demand in an economy, intervention of macro policy decision makers becomes most essential. Both fiscal and monetary policy decision making plays a significant role. Real nutrition is done while making decision via quantitative easing method to overcome the deficiency in the economy especially during pandemic situation. This chapter would reinforce how the goals of stability are ensured through fiscal and monetary measures. These two macro policies are like of two phases of same coin. Macro policy decision complements each other. Both fiscal and monetary policy decision is essential to protect the economy, as well to build confidence when the economy swings in down phase. Very specifically sectors like, business, health, tourism, aging group, weaker sections and informal population, have highly impacted. Chapter has explained that any economy in the world have adapted similar policy objectives to ensure that growth is not paused, but activated with constant quantitative easing based on priority to the needy as well to small and larger business undertaking. Fifteen economies have been chosen and analyzed to know the power of decision making and immediate pump priming of funds to ensure economy has adequate liquidity to revolve the economic activity to promote aggregate demand and growth is stabilized.

macro policy, quantitative easing, program, packages

"Effective Macro Policy of Global and Industrial Economy ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 3, page no.196-201, March-2021, Available :http://www.jetir.org/papers/JETIR2103416.pdf

"Effective Macro Policy of Global and Industrial Economy ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 3, page no. pp196-201, March-2021, Available at : http://www.jetir.org/papers/JETIR2103416.pdf