macroeconomic discipline

USAGE SUMMARY

The phrase "macroeconomic discipline" is correct and usable in written English.
It can be used when referring to the field of study that focuses on the economy as a whole, including factors like inflation, unemployment, and economic growth. Example: "The macroeconomic discipline provides essential insights into how government policies can influence overall economic performance."

✓ Grammatically correct

News & Media

Formal & Business

Academia

Science

Human-verified examples from authoritative sources

Exact Expressions

5 human-written examples

A cut to junk looks possible, with the consequent outflows of capital from pension and mutual funds obliged to hold investment-grade assets.A deficit of macroeconomic discipline has gone hand in hand with a surplus of microeconomic meddling.

The Economist

But getting back up to the speed of the past decade will mean maintaining the macroeconomic discipline and returning to the microeconomic reforms that made it possible in the first place.

The Economist

Armínio Fraga, an admired former central banker who is Mr Neves's chief economic adviser, bashes Ms Rousseff for too little macroeconomic discipline (swelling budget deficits, persistently high inflation) and too much microeconomic intervention (suppressed petrol and electricity prices, subsidised credit from state-controlled banks).

The Economist

The election in 2002 of Lula, a former metalworker who leads the left-of-centre Workers Partyy, was itself a sign of that transition; so was his subsequent decision to maintain macroeconomic discipline.Sadly, Brazil could be doing so much better.

The Economist

Other key elements, such as good governance, macroeconomic discipline, open markets and sufficient investment in infrastructure and education, must be put into play.

Forbes

Human-verified similar examples from authoritative sources

Similar Expressions

55 human-written examples

A country's financial system should be quite sophisticated, he says; its companies fairly well run; and its macroeconomic policies reasonably disciplined.Does this list sound familiar?

The Economist

Thanks to more disciplined macroeconomic policies and large cushions of reserves, many emerging economies have strong defences against a rich-world downturn.

The Economist

An IMF study last year found that foreign direct investment and other non-debt capital flows boost economic growth without adverse side effects on economic volatility.These flows grant collateral benefits of raising economic efficiency, developing the domestic financial sector, and disciplining macroeconomic policies.

The Economist

Mr Manuel has been the architect of South Africa's good macroeconomic performance and fiscal discipline.

The Economist

As members of Boris Yeltsin's government, they talked of macroeconomic stability and fiscal discipline but never presented policies that resonated among ordinary Russians.

The Economist

In particular, take a good look at the following: 1) the stability and overall political and corporate governance; 2) the legal environment, respect for contracts, low levels of corruption, due process and rule of law; 3) the macroeconomic environment including fiscal discipline and currency strength; and 4) political risks that could affect financial markets.

Forbes

Expert writing Tips

Best practice

When discussing national economies, use "macroeconomic discipline" to highlight the consistent and responsible application of economic policies. For instance, "The country's adherence to macroeconomic discipline led to sustained economic growth."

Common error

Avoid using "macroeconomic discipline" when you actually mean microeconomic policies, which deal with individual markets and firms rather than the entire economy. Using the term incorrectly can lead to misinterpretations about the scope of the economic measures being discussed.

Linguistic Context

The phrase "macroeconomic discipline" functions as a noun phrase that describes a set of practices and policies aimed at maintaining stability and promoting sustainable economic growth. Ludwig AI confirms the phrase's validity, showcasing its role in discussing economic strategies and their impacts.

Expression frequency: Rare

Frequent in

News & Media

40%

Academia

20%

Formal & Business

20%

Less common in

Science

20%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "macroeconomic discipline" is a noun phrase referring to the responsible management of a national economy. Ludwig AI confirms its grammatical correctness and indicates its relevance in discussions about economic strategies. Predominantly found in news, academic, and business contexts, the phrase describes policies promoting economic stability and sustainable growth. While the term is used correctly in various sources, it is important to differentiate it from microeconomic policies. The key takeaway is that maintaining "macroeconomic discipline" is crucial for a stable and prosperous economy.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

disciplined economic management

Reorders the words while maintaining similar meaning, but places less emphasis on the 'macro' aspect than the original phrase.

responsible fiscal management

More directly focuses on the managerial aspect of fiscal policy, whereas "macroeconomic discipline" can encompass broader theoretical or applied contexts.

fiscal responsibility

Focuses specifically on the responsible management of government finances, differing from the broader scope of macroeconomic management.

prudent monetary policy

Specifically refers to monetary policy, whereas "macroeconomic discipline" can also include fiscal and other economic aspects.

sound economic policies

Emphasizes the effectiveness and prudence of economic policies, rather than the specific aspect of discipline.

stability-oriented macroeconomic policy

Highlights the orientation of the policy towards achieving stability, adding an explicit goal not necessarily stated in the original phrase.

monetary prudence

Highlights the careful and cautious approach to monetary policy, a subset of macroeconomic discipline.

economic rigor

Implies a strict and precise approach to economic management, which is a component of discipline but broader than just macroeconomic considerations.

economic stability

Shifts the focus to the outcome of macroeconomic management rather than the disciplined approach itself.

fiscal rectitude

Stresses moral correctness in fiscal policy, adding a layer of ethical consideration not always present in macroeconomic discipline.

FAQs

How does "macroeconomic discipline" contribute to economic stability?

"Macroeconomic discipline" fosters economic stability by ensuring responsible fiscal and monetary policies. This includes managing inflation, controlling budget deficits, and maintaining sustainable debt levels, all of which contribute to a stable economic environment.

What are some examples of "macroeconomic discipline" in practice?

Examples include a government adhering to a balanced budget, a central bank maintaining a stable inflation rate, and policies promoting sustainable economic growth. Countries like Germany and Switzerland are often cited for their commitment to "macroeconomic discipline".

What happens if a country lacks "macroeconomic discipline"?

A lack of "macroeconomic discipline" can lead to high inflation, unsustainable debt, economic instability, and a loss of investor confidence. This can result in economic crises and hardship for the population.

How does "macroeconomic discipline" differ from "fiscal responsibility"?

"Macroeconomic discipline" is a broader concept encompassing all aspects of macroeconomic policy, including fiscal and monetary policy. "Fiscal responsibility" specifically refers to the responsible management of government finances.