Macro Accounting

Macro accounting is accounting...macro-style. It's accounting on a national level...accounting for a nation’s accounts. All that data on a country’s economic performance, like GDP, imports and exports, debt, inflation, yada yada...are all included under the macro accounting umbrella.

Who does macro accounting in the U.S.? Lots of agencies do different parts. The Fed, the Bureau of Economic Analysis in the Department of Commerce, and the Office of Management and Budget all do macro accounting, in addition to other agencies.

Macro accounting informs fiscal and monetary policy, just like how your bank balance informs your spending decisions. To buy or not to buy that book on how to destroy someone else’s life? Is that irresponsible? We’re talking fiscally responsible here.