A Comparison of Policy Responses: Four Crisis Economies

Abstract

This article examines the impact of economic crises on macroeconomic policies in the United States (US), Mexico, Ireland, and Sweden at the start of the 1980s, framed within the context of the policy change literature. These countries are selected for examination as they encompass presidential, parliamentary, republican, constitutional monarchical, federal and unitary systems of governance. Two are European states and two are from the Americas: two are large economies while two are small.