{"id":18810,"date":"2014-03-25T14:11:49","date_gmt":"2014-03-25T18:11:49","guid":{"rendered":"https:\/\/www.bu.edu\/pardee\/?page_id=18810"},"modified":"2014-03-25T14:15:27","modified_gmt":"2014-03-25T18:15:27","slug":"austeritystimulusworkingpaper","status":"publish","type":"page","link":"https:\/\/www.bu.edu\/pardee\/research\/global-economic-governance-2\/austeritystimulusworkingpaper\/","title":{"rendered":"\"GEGI_BUbrick_noBU_300x50\"<\/a>"},"content":{"rendered":"
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Austerity Versus Stimulus? Understanding Fiscal Policy Change at the International Monetary Fund since the Great Recession<\/h1>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

GEGI Working Paper Series<\/h2>\n

By\u00a0Cornel Ban<\/b>
\nMarch 2014<\/p>\n

Download here:\u00a0Austerity Versus Stimulus? Understanding Fiscal Policy Change at the International Monetary Fund since the Great Recession<\/a><\/p>\n

Abstract<\/strong><\/p>\n

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Since 2008 the IMF has become more open to the use of discretionary fiscal stimulus packages to deal with recessions, while changing its doctrine on the timing and content of fiscal consolidation. Rather than constitute a paradigm shift, these changes amounted only to a careful recalibration of its pre-crisis fiscal orthodoxy. The paper traces this evolution of the Fund\u2019s doctrine to staff politics, more diverse thinking in mainstream economics and a careful framing of the message through the use of mainstream macroeconomic models. The findings contribute to the emerging debate on the internal sources of intellectual and policy change in international economic organizations.<\/p>\n

Keywords: IMF, fiscal policy, austerity, stimulus, Keynesian, epistemic networks<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Austerity Versus Stimulus? Understanding Fiscal Policy Change at the International Monetary Fund since the Great Recession GEGI Working Paper Series By\u00a0Cornel Ban March 2014 Download here:\u00a0Austerity Versus Stimulus? Understanding Fiscal Policy Change at the International Monetary Fund since the Great Recession Abstract Since 2008 the IMF has become more open to the use of discretionary […]<\/p>\n","protected":false},"author":7753,"featured_media":0,"parent":15551,"menu_order":14,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.bu.edu\/pardee\/wp-json\/wp\/v2\/pages\/18810"}],"collection":[{"href":"https:\/\/www.bu.edu\/pardee\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bu.edu\/pardee\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/pardee\/wp-json\/wp\/v2\/users\/7753"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/pardee\/wp-json\/wp\/v2\/comments?post=18810"}],"version-history":[{"count":3,"href":"https:\/\/www.bu.edu\/pardee\/wp-json\/wp\/v2\/pages\/18810\/revisions"}],"predecessor-version":[{"id":18816,"href":"https:\/\/www.bu.edu\/pardee\/wp-json\/wp\/v2\/pages\/18810\/revisions\/18816"}],"up":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/pardee\/wp-json\/wp\/v2\/pages\/15551"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/pardee\/wp-json\/wp\/v2\/media?parent=18810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}