macroeconomic relating to large-scale economic systemsPESC does not embody detailed analysis of policy operations ; its purpose is primarily for macroeconomic planning . policyLikewise , economists have discussed at length technical aspects of economic policy , particularly macroeconomic policy . management They successfully diversified their economies through structural reform and sound macroeconomic management . target objective The attempts to improve the performances of nationalised industries were not allowed to run their course , because in the 1970s governments of both major parties used nationalised industries in order to achieve wider macroeconomic targets . Fiscal policy may provide government with a potentially powerful method of managing the economy in order to achieve its macroeconomic objectives .