IMF Programs Fail to Spark Investment, GDP Center Study Finds
International Monetary Fund (IMF) lending programs rarely deliver the investment boost they promise, according to new research led by Pardee Professor and Global Development Policy (GDP) Center Director, Kevin P. Gallagher. The study, "Adjustment without Accumulation: Evidence on Capital Formation from IMF Programs," appears in the Journal of Development Economics (Volume 182). In addition to Gallagher,...
