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Mexico was hit by repeated macroeconomic crises.
Recent and historical financial and macroeconomic crises.
Following a series of macroeconomic crises in the mid-1990s, Membracedbraced macroeconomic orthodoxy, extensively liberalised its economy, freed up the financial system, sharply reduced import restrictions and signed the North American Free Trade Agreement (Nafta).
Written in an accessible and lively style, it puts the history of Keynes's thinking into the broader perspective of the history of economic thinking and the history of macroeconomic crises from the interwar years until the present day.
This episode, while more stable in terms of inflation, was not exempt from macroeconomic crises.
The economic determinants of inequality trends discussed in this paper were present in most (if not all) Latin American economies: macroeconomic crises, structural reforms, trade liberalization.
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The macroeconomic crisis of the past two years is also provoking a crisis of confidence in macroeconomics.
Argentina's macroeconomic crisis of 2001-02 is a classic case of the interaction between exchange rate policy, fiscal policy, banking and external finance.
Like then, there's no macroeconomic crisis prompting Trump's tariffs — U.S. unemployment is at 4.1percentt, and the economy has been growing for nearly nine years.
The fact that such things continued to happen in the real world — there was a terrible financial and macroeconomic crisis in much of Asia in 1997-8 andepression-levelevel slump in Argentina in 2002 — wasn't reflected in the mainstream of New Keynesian thinking.
Argentina introduced its UI program in 1992, following a macroeconomic crisis that raised the fear of large-scale, open unemployment.
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CEO of Professional Science Editing for Scientists @ prosciediting.com