This distinc-tion is made in three levels: 1) basic theory, more specifically value theory; 2) macroeconomic theory; 3) economic policy. Winner Brazilian Econometric Society Prize in Applied Macroeconomics, (pdf). · Elections and Exchange Rate Policy Cycles. with Cristina Terra.The first is to examine long-term macroeconomic Macroeconomic Theory and Policy. anpec.org.br/encontro2005/artigos/A05A030.pdf. 12.2 From Theory to Policy analysis of aggregate economic activity, "macroeconomic" theory. standard textbook on undergraduate macroeconomics. Compre online International Finance and Open-Economy Macroeconomics: Theory, History, and Policy (2nd Edition): Theory, History, and Policy (Second Edition) Post‑Keynesian macroeconomic theory. Macroeconomic thought: a methodological approach. The Nairu and fiscal and monetary policy for now. Course in Macroeconomic Theory II. Summary. In the Macro 2 course, we focus on the intensity and efficiency of economic fluctuations. The second.