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The good times for stock investors came after 1982, when harsh monetary policy from the Federal Reserve helped to wring inflation and its expectations out of the financial system.
Similar(59)
Over the past decade, Turkey has carried out a harsh International Monetary Fund economic reform program, opened its economy and attracted foreign investment as part of its effort to join the European Union.
The government jobs that native-born Ivorians once took for granted began to disappear with the harsh medicine of the International Monetary Fund.
Mr. Anastasiades told officials including Christine Lagarde, head of the monetary fund, that accepting harsh terms might force him to step down.
The government thinks its harsh fiscal policies will permit more monetary balm, whether through resuming the policy of quantitative easing or keeping interest rates lower for longer.
Mr. Chuan is now under attack for what is seen as a slow pace of recovery and for the pain that has resulted from his government's embrace of the harsh economic prescriptions of the International Monetary Fund.
Such a move, which would make this small island nation the first sovereign state to fall victim to the credit squeeze that began last year, would require it to accept harsh measures to restore fiscal and monetary stability.
The Washington Consensus is a term long used for the harsh austerity imposed by the International Monetary Fund and other lenders on troubled third world economies.
The country has become a terrible example of what can happen when creditors, led by the International Monetary Fund (IMF), are able to impose harsh austerity on a trapped nation in an attempt to collect on an uncollectable debt.
The arrest of Dominique Strauss-Kahn has turned the International Monetary Fund into front-page news and cast a harsh light on its dysfunctional workplace culture.
The euro's decline reflects the harsh verdict of investors on the Greek debt crisis and the monetary union's inability to insure that its members adhere to basic principles of fiscal prudence.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com