In order to break out of that stop-go cycle
, the authorities need to persist in those reforms until it becomes a virtuous cycle.
While all countries faced global inflationary pressures, Britain had also needed to choke off rising house prices and soaring levels of consumer debt - a move predicted by some to herald a return "to the old familiar stop-go cycle
of overheating, inflation and recession".
He will also end the boom-bust, stop-go cycle
- something no Tory Chancellor was able to do.
It will end the Boom-Bust, Stop-Go cycle
which has bedevilled us, as Mr Brown said yesterday.
And he's determined to end the Tory boom-bust, stop-go cycle
In Pakistan, too we face a version of the impossible trinity as is shown through analysing the country's recurring stop-go cycles
of economic growth.
The problem for many emerging market economies is that due to both domestic and external influences, they tend to be subject to disruptive stop-go cycles
. When interest rates are low, high leverage is fine, but when emerging market central banks raise rates, for example to limit capital f light, high levels of borrowing can be quite damaging."