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The decade of adjustment : a review of austerity trends 2010-2020 in 187 countries

Listed author(s):
  • Ortiz, Isabel.
  • Cummins, Matthew.
  • Capaldo, Jeronim.
  • Karunanethy, Kalaivani.

Examines the latest IMF government spending projections for 187 countries between 2005 and 2020; (ii) reviews 616 IMF country reports in 183 countries to identify the main adjustment measures considered by governments in both high-income and developing countries; (iii) applies the United Nations Global Policy Model to simulate the impact of expenditure consolidation on growth and employment; (iv) discusses the threats of austerity to welfare and social progress; and (v) calls for urgent action by governments to adopt alternative and equitable policies for socio-economic recovery.

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Paper provided by International Labour Organization in its series ILO Working Papers with number 994890453402676.

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Length: 67 pages
Date of creation: 2015
Publication status: Published in ESS working paper series
Handle: RePEc:ilo:ilowps:994890453402676
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  1. Cornia, Giovanni Andrea & Jolly, Richard & Stewart, Frances (ed.), 1987. "Adjustment with a Human Face: Volume 1, Protecting the Vulnerable and Promoting Growth," OUP Catalogue, Oxford University Press, number 9780198286097.
  2. John Weeks & Terry McKinley, 2007. "The Macroeconomic Implications of MDG-Based Strategies in Sub-Saharan Africa," Policy Research Brief 4, International Policy Centre for Inclusive Growth.
  3. Epstein, Gerald., 2009. "Rethinking monetary and financial policy : practical suggestions for monitoring financial stability while generating employment and poverty reduction," ILO Working Papers 994344393402676, International Labour Organization.
  4. Gerry Rodgers, 2007. "Labour Market Flexibility and Decent Work," Working Papers 47, United Nations, Department of Economics and Social Affairs.
  5. UN Women, 2015. "Progress of the World’s Women 2015-2016: Transforming Economies, Realizing Rights," Working Papers id:7688, eSocialSciences.
  6. Rolph van der Hoeven, 2010. "Labour Markets Trends, Financial Globalization and the current crisis in Developing Countries," Working Papers 99, United Nations, Department of Economics and Social Affairs.
  7. Jeronim Capaldo and Alex Izurieta, 2012. "The Imprudence of Labour Market Flexibilization in a Fiscally Austere World," Working Papers 112, United Nations, Department of Economics and Social Affairs.
  8. Mark Weisbrot & Juan Antonio Montecino, 2010. "The IMF and Economic Recovery: Is Fund Policy Contributing to Downside Risks?," CEPR Reports and Issue Briefs 2010-24, Center for Economic and Policy Research (CEPR).
  9. Daniel Leigh & Andrea Pescatori & Jaime Guajardo, 2011. "Expansionary Austerity New International Evidence," IMF Working Papers 11/158, International Monetary Fund.
  10. Stolz, Stéphanie Marie & Wedow, Michael, 2010. "Extraordinary measures in extraordinary times: Public measures in support of the financial sector in the EU and the United States," Discussion Paper Series 1: Economic Studies 2010,13, Deutsche Bundesbank, Research Centre.
  11. Gerald Epstein, 2009. "Rethinking Monetary and Financial Policy: Practical suggestions for monitoring financial stability while generating employment and poverty reduction," Published Studies ilo_epstein11_09, Political Economy Research Institute, University of Massachusetts at Amherst.
  12. Heltberg, Rasmus & Hossain, Naomi & Reva, Anna & Turk, Carolyn, 2012. "Anatomy of coping: evidence from people living through the crises of 2008-11," Policy Research Working Paper Series 5957, The World Bank.
  13. Isabel Ortiz, 2007. "Social Policy," Policy Notes 6, United Nations, Department of Economics and Social Affairs.
  14. Robert Pollin & Gerald Epstein & James Heintz, 2008. "Pro-Growth Alternatives for Monetary and Financial Policies in Sub-Saharan Africa," Policy Research Brief 6, International Policy Centre for Inclusive Growth.
  15. Annalisa Fedelino & Gerd Schwartz & Marijn Verhoeven, 2006. "Aid Scaling Up; Do Wage Bill Ceilings Stand in the Way?," IMF Working Papers 06/106, International Monetary Fund.
  16. Jingqing Chai & Isabel Ortiz & Xavier R. Sire, 2010. "Protecting Salaries of Frontline Teachers and Health Workers," Working briefs 1002, UNICEF, Division of Policy and Strategy.
  17. Ortiz, Isabel, & Cummins, Matthew. & Karunanethy, Kalaivani., 2015. "Fiscal space for social protection options to expand social investments in 187 countries," ILO Working Papers 994877663402676, International Labour Organization.
  18. repec:ilo:ilowps:434439 is not listed on IDEAS
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