This paper utilizes a new critical junctures framework to help understand the nature of the changes in macroeconomic
policy. The framework consists of three elements which must be identified in sequence to be able to declare,
with some certainty, if an event was a critical juncture. These are crisis, ideational change, and radical policy change. Utilizing
the critical juncture framework, we will determine whether changes to Mexican and Swedish macroeconomic policy
in the early 1980s constituted clean breaks with the past, or were continuations of previously established policy pathways,
and why that was.