Mark Weisbrot and Juan Montecino, “The IMF and Economic Recovery: Is Fund Policy Contributing to Downside Risks?”

In view of these findings and considerations, one might expect a strong bias toward continuing fiscal stimulus in weak economies, and a bias against fiscal consolidation. However, the IMF continues to support pro-cyclical policies in some countries, fiscal consolidation in many others, and clearly does not support central bank financing of fiscal stimulus — even in countries such as the United States — where the threat of high inflation is very remote.

via Mark Weisbrot and Juan Montecino, “The IMF and Economic Recovery: Is Fund Policy Contributing to Downside Risks?”.

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