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If one carefully looks at the recent evaluations in macroeconomic policy then he
or she will find a very distinguishable method which John Taylor has called it" New
Normative Macroeconomics". The purpose of this paper is to introduce and analyse
this new method. The method uses different ideas fTom most schools of economic
thought but can not be regarded as a special school as such. Models and concepts
used in the main tTamework of the so-called new normative macroeconomics in
recent years considered to be one of the most active and incentive creating which
could not be seen before 1970s even in the economics Dictionaries. For example
problems such as 1) policy models; 2) policy rules; 3) policy tradt}-offwhich can be regarded as the important ingredients of new normative macroeconomics will be emphasised in the present paper.