But there is another reason that makes it even more pleasurable: we will do so in Portuguese, a language that instantly brings us closer and reminds us that our countries are players in a global world that is also expressed and felt in the rich variations of a language shared by us all. 3.
Therefore, macroeconomic stabilisation policies need to make their contribution to reducing pro-cyclicality. 19 Macroeconomic authorities have faced the challenge posed by financial booms and busts in two ways. First and foremost through solid institutions: the pre-emptive arm against system instability. Stability-oriented macroeconomic frameworks have ensured price stability and economic prosperity in all developed countries for the last quarter of a century.