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IMF-Supported Macroeconomic Policies and the World Recession: A Look at Forty-One Borrowing Countries

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Author Info

  • Mark Weisbrot
  • Rebecca Ray
  • Jake Johnston
  • Jose Antonio Cordero

Abstract

This paper finds that 31 of 41 of countries with current International Monetary Fund (IMF) agreements have been subjected to pro-cyclical macroeconomic policies that, during the current global recession, would be expected to have exacerbated economic slowdowns.

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File URL: http://www.cepr.net/documents/publications/imf-2009-10.pdf
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Bibliographic Info

Paper provided by Center for Economic and Policy Research (CEPR) in its series CEPR Reports and Issue Briefs with number 2009-37.

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Length: 97 pages
Date of creation: Oct 2009
Date of revision:
Handle: RePEc:epo:papers:2009-37

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Keywords: IMF;

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References

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  1. David Rosnick, 2009. "Troubled Assets: The IMF's Latest Projections for Economic Growth in the Western Hemisphere," CEPR Reports and Issue Briefs 2009-16, Center for Economic and Policy Research (CEPR).
  2. Dean Baker, 2002. "The Run-up in Home Prices: A Bubble," Challenge, M.E. Sharpe, Inc., vol. 45(6), pages 93-119, November.
  3. Mark Weisbrot & Jose Cordero & Luis Sandoval, 2009. "Empowering the IMF: Should Reform be a Requirement for Increasing the Fund's Resources?," CEPR Reports and Issue Briefs 2009-15, Center for Economic and Policy Research (CEPR).
  4. Dean Baker & Rivka Deutsch, 2009. "The State and Local Drag on the Stimulus," CEPR Reports and Issue Briefs 2009-17, Center for Economic and Policy Research (CEPR).
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Citations

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Cited by:
  1. Weisbrot, Mark & Jorgensen, Helene, 2013. "Macroeconomic policy advice and the article IV consultations comparative overview of European Union member states," ILO Working Papers 485513, International Labour Organization.
  2. Howard Stein, 2012. "The Neoliberal Policy Paradigm and the Great Recession," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 59(4), pages 421-440, September.
  3. Ilene Grabel, 2012. "Financial Architectures and Development: Resilience, Policy Space, and Human Development in the Global South (revised June 2012)," Working Papers wp281_revised, Political Economy Research Institute, University of Massachusetts at Amherst.
  4. Mark Weisbrot & Rebecca Ray, 2011. "The Scorecard on Development, 1960-2010: Closing the Gap?," CEPR Reports and Issue Briefs 2011-09, Center for Economic and Policy Research (CEPR).

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