Economics and management of national economy

Procedural approach to macroeconomic policy analysis: content and application

Economic Annals-XXI

Economic Annals-ХХI: Volume 156, Issue 1-2, Pages: 18-21

Citation information:
Radionova, I. (2016). Procedural approach to macroeconomic policy analysis: content and application. Economic Annals-XXI, 156(1-2), 18-21. doi: https://doi.org/10.21003/ea.V156-0004

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Iryna Radionova
D.Sc. (Economics),
Professor,
Kyiv National Economic University named after Vadym Hetman
54/1 Peremohy Ave, Kyiv, 03051, Ukraine
irina.radionova@gmail.com

Procedural approach to macroeconomic policy analysis: content and application

Abstract. The article under consideration gives prominence to the analysis of macroeconomic policy as a specific area of expertise. It specifies the content of procedural approach to the analysis of macroeconomic policy performance. It defines the applicability of the procedural approach to its basic element, i.e. the policy problem analysis, by the example of two problems, which have acquired urgent topicality in the Ukrainian economics and politics in 2015-2016. It refers to the problems regarding the changes to the Tax Code and power industry pricing pattern. The article substantiates the expediency of a combination of the procedural approach and policy analysis approaches, such as macroeconomic stability assessment approach, benchmarking approach and the Governance concept. It explains the importance of policymakers argumentation analysis for its problems structuring.

Keywords: Macroeconomic Policy; Policy Analysis; Procedural Approach to Policy Analysis; Policy Problems Structuring

JEL Classification: E6; H1

DOI: https://doi.org/10.21003/ea.V156-0004

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Received 5.02.2016

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