But over time, they seem to have created a sense of complacency among us with regard to the potency of monetary policy. For instance, some macroeconomic theorists have claimed that a depression is no longer a real concern.
Executives also must set the appropriate tone at the top with respect to the importance of independent and unbiased risk evaluation. Conclusion While improvements in both macroeconomic and microeconomic policies have helped to make some Latin American countries less vulnerable to outside shocks, the region is not decoupled from the United States and the rest of the world.