CEPR Responds to the IMF’s Reply and Defense of Its Policies During the World Recession

Mark Weisbrot

CEPR Reports and Issue Briefs from Center for Economic and Policy Research (CEPR)

Abstract: This paper is part of a discussion between CEPR and the International Monetary Fund (IMF) regarding CEPR’s paper, “IMF-Supported Macroeconomic Policies and the World Recession: A Look at Forty-One Borrowing Countries.” An IMF representative presented a response to that paper at an October 15, 2009 event in Washington D.C., in remarks and a power point presentation. The earlier CEPR paper examined IMF agreements with 41 countries during the current global recession and found that 31 of the 41 countries had implemented pro-cyclical policies – for example cutting spending or tightening monetary policy -- that would be expected to exacerbate an economic downturn. This new discussion paper responds to the IMF's defense of its policies.

Keywords: IMF (search for similar items in EconPapers)
JEL-codes: E E3 E32 E5 E52 F F3 F33 F34 F35 F37 O O1 O2 O3 O4 O5 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2009-10
New Economics Papers: this item is included in nep-mac and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:epo:papers:2009-41

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