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Exact(29)
Another could be macroeconomic instability.
But economies can be derailed by macroeconomic instability, he goes on.
The evidence supports a different causal story: Macroeconomic instability unrelated to banking regulation made banks riskier.
Large influxes of capital could cause macroeconomic instability if they were not carefully monitored, he said.
Until now, however, there has been little understanding of how decentralization leads to large fiscal deficits and macroeconomic instability.
That does not mean inequality never aggravates macroeconomic instability, but unfortunately critics of inequality often exaggerate their claims.
Similar(31)
Political turmoil, institutional instability, macroeconomic volatility, income stagnation, high inflation and two hyperinflations dominated the scenario.
We go a step further and examine empirically the joint effect of macroeconomic uncertainty, sociopolitical instability and public provision on private investment using data from 37 developing countries between 1970 and 2000.
Evidence on Structural Instability in Macroeconomic Time Series Relations, (with James H. Stock), Journal of Business and Economic Statistics.
Dynamic factor models have had notable empirical forecasting successes, but there has been little work to date on the performance of factor-based macroeconomic forecasts under structural instability.
Such misplaced faith highlights the need for a new economic analysis of law that is responsive to theories of macroeconomic conditions and financial instability.
More suggestions(15)
overall instability
structural instability
macroeconomic turmoil
macroeconomic uncertainty
macroeconomic stabilization
financial instability
economical instability
macroeconomic disruption
macroeconomic chaos
total instability
macroscopic instability
aggregate instability
macroeconomic backdrop
macroeconomic problem
macroeconomic discipline
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