Macroeconomics is the application of economic theory to the study of the economy’s growth, cycle and price-level determination. Macroeconomics takes account of stylized facts observed in the real world and builds theoretical frameworks to explain such facts. Economic growth is a stylized fact...

Chapter 1. Asset Management at Central Banks and Monetary Authorities -- Chapter 2. Central Banks: Gatekeepers of Monetary Stability and Guardians of Public Interest -- Chapter 3. Larger Central Bank Balance Sheets: A New Normal for Monetary Policy?- Chapter 4. How Countries Manage Large Central...