Trying to escape the Malaise State in the future: A macroeconomic design to hinder another Great Recession which risks the Welfare State.

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Instututo Complutense de Estudios Internacionales (ICEI)
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This paper suggests a theoretical macroeconomic design, which overviews every aspect of current common macroeconomic thought. In order to do it, we start by defining the basic values in which an economy should be based on. Monetary and fiscal policy instruments are subjected to analysis, which relate to what we define as intermediate goals, in contrast with which is apparently taken as the final goals for policymakers. Going beyond, we analyze our target variables for this design, suggesting a new one, which is in line with some wealth targeting measures claimed in some circles. Such target variables would improve the satisfaction of needs and wants by individuals, and contribute to human development, which would offer a feedback to the values in which an economy is supposed to be based on.
En este artículo se sugiere un enfoque macroeconómico terico que revisa cada aspecto del pensamiento macroeconómico común en la actualidad. Comenzamos definiendo los principales valores que deben fundamentar cualquier economía. Los instrumentos de política monetaria y fiscal son objeto de análisis y se ligan a lo que definimos como objetivos intermedios, en contraposición con lo que actualmente suele configurar el conjunto de objetivos finales. Analizamos posteriormente nuestras variables objetivo para este enfoque macroeconómico, proponiendo una nueva variable objetivo, que está de acuerdo con algunas medidas de monitorización de la riqueza sugeridas en algunos ámbitos. Dichas variables objetivo contribuirían a la mejora en la satisfacción de las necesidades de los individuos y al desarrollo humano, el cual supondría un efecto retroalimentación en los principales valores que deben sustentar a una economía.
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