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Microeconomic failure is not macroeconomic failure.
First we have the Atlanta Fed's David Altig, who quotes Robert Lucas writing in The Economist The Economist's briefing also cited as an example of macroeconomic failure the 'reassuring' simulations that Frederic Mishkin, then a governor of the Federal Reserve, presented in the summer of 2007.
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In the 1930s protectionism flourished largely because of macroeconomic failures.
From a macroeconomic perspective, the failure of successive Greek governments to reverse the decline in the national saving rate, and not the government budget deficit per se, was the main reason for the crisis.
"If Alan Garcia taught us something, it's macroeconomic principles.
The causes of long-term unemployment clearly lie with macroeconomic events and policy failures that are beyond any individual's control, yet that does not save the victims from bearing a stigma.
Willy's diminishing life and disappearing employment are attributed not to macroeconomic forces, but to his personal failure, age and declining energy, which anticipates the current neoliberal attitude – it's all, always, your own fault.
However, Brazil's past failure to deal promptly with macroeconomic distortions has left Mr Levy to grapple with a recessionary trap.To stabilise gross public debt, he has promised a whopping fiscal squeeze of almost two percentage points of GDP this year.
The failure to capture the broader macroeconomic impact makes our healthcare system perspective conservative.
This political strategy explains the government's failure to contemplate a more flexible macroeconomic approach in 2011.
The lack of coordination within the United States — and, equally important, the failure to recognize the states as macroeconomic players — helps explain our sluggish recovery.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com