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Estimating the Cost of Contributions to the IMF

Author

Listed:
  • Mark Weisbrot
  • David Rosnick

Abstract

his issue brief looks at the likely costs to the U.S. Treasury from a $108 billion increase in the U.S. contribution to the International Monetary Fund (IMF). The White House's Office of Management and Budget originally proposed the $108 billion be scored at zero in the budget, and there are indications that it may be scored at as little as $5 billion. This analysis estimates the cost to the U.S. Treasury would be in the range of $16.6 to $26.3 billion, based on the difference between the U.S. Treasury's borrowing costs and interest received from the IMF. These estimates are conservative and understate the true cost.

Suggested Citation

  • Mark Weisbrot & David Rosnick, 2009. "Estimating the Cost of Contributions to the IMF," CEPR Reports and Issue Briefs 2009-18, Center for Economic and Policy Research (CEPR).
  • Handle: RePEc:epo:papers:2009-18
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    File URL: http://www.cepr.net/documents/publications/imf-contributions-2009-05.pdf
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    References listed on IDEAS

    as
    1. Skatun, John Douglas, 2003. "Take some days off, why don't you?: Endogenous sick leave and pay," Journal of Health Economics, Elsevier, vol. 22(3), pages 379-402, May.
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    More about this item

    Keywords

    IMF;

    JEL classification:

    • F - International Economics
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F37 - International Economics - - International Finance - - - International Finance Forecasting and Simulation: Models and Applications
    • O - Economic Development, Innovation, Technological Change, and Growth
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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