Saturday, 28 February 2009

Could the IMF be making things worse?

An incomplete* survey of worldwide stimulus packages by grad students at Boston University raises some interesting questions. In amongst them is the claim that IMF rescue packages could be making things worse by prescribing austerity measures in developed countries at this moment when expansionary fiscal policies are seen as the key to avoiding a return to depression like conditions.

* incomplete becuase as commentors note it does not include some countries fiscal stimulus like, say, Australia.

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