macroeconomy|macroeconomies in English
noun
['mækrəʊe'kɑnəmɪ ,-ɪː- /-'kɒn-]
nation's economy as a whole (Economics)
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1. Using the sample previously described, we regress absolute inflation deviations (or the bank’s loss function) on the characteristics of the monetary policy framework and on control variables representing the macroeconomy and the financial environment.