Keyword: «long-term period»

The article provides a definition of the effectiveness of macroeconomic regulation as the actions of the government and the central bank, which bring the country's national economy into equilibrium or close to it. The author attempts to determine the effectiveness of macroeconomic regulation in the US in the short and long term. To do this, we consider the dynamics of inflation from the mid-17th century, as well as the dynamics of the equilibrium (potential) and real GDP over the past 100 years. The author separates periods when the forces of self-regulation dominated in the national economy, and when developed macroeconomic regulation was established as a way of streamlining the national economy. As a result of conducted analysis, relevant conclusions were made about the effectiveness of macroeconomic regulation in the United States compared with the effect of self-regulation forces.