The IMF on Fiscal PolicyStaying the Course amidst Waves of Change
Ramos, Raquel Almeida; Ranieri, Rafael
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Resumo
The global crisis has prompted many reflections on economic policies and the role of international economic institutions. Whereas some changes are already in progress based on these, and others might be impending, the International Monetary Fund (IMF) was not prompt in revising its policy recommendations. With respect to fiscal policy, IMF recommendations continued on an unwavering course, although the rethinking in economic policy caused by the crisis combined with internal and external evaluations of IMF recommendations that have been implemented to create a demand for the reformulation of the IMF’s approach to fiscal policy. As denoted by its 2010 Article IV reports, IMF recommendations remained steadfastly committed to a single approach to fiscal policy, one focused on short-term fiscal tightness rather than on long-term development (Roy and Ramos, 2012). (…)
Ficha do documento
- Tipo
- Estudo
- Ano
- 2012
- Instituição
- Instituto de Pesquisa Econômica Aplicada
- Fonte
- Repositório do Ipea
- Idioma
- Inglês
- Acesso
- Acesso aberto
- Identificador
- oai:repositorio.ipea.gov.br:11058/15811
- Licença
- Licença total exclusiva
- Temas
- Finanças Públicas
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