Government macro-control is also called national macro-control. It refers to the overall management of the national economy by the government through administrative and economic means. The main purpose is to promote the balance between economic structure and sustainable economic development. Smoothing the economic fluctuations is the core task of the government’s macro-control. Macro control policy mainly includes fiscal policy and monetary policy. Monetary policy and credit policy are the main means of the central bank’s macro-control. The monetary policy mainly regulates the total social demand by controlling the money supply, and then acts on the output. The function of macro-control policy is to adjust monetary policy or credit policy to achieve the established economic goals. For example, in the COVID-19 era, the Central Bank of China adopted a structural monetary policy to lower interest rates, delay repayment of loans, and issue vouchers by local governments. China’s economy has recovered significantly. This shows that the Chinese government plays a positive role in macreconomic regulation and control.

This entry is adapted from the peer-reviewed paper 10.3390/su13126844