Hinterleitner, Markus, Sager, Fritz, Thomann, Eva, (2016), “The long and winding road to fiscal adjustment: How the IMF judges austerity programmes”, LSE Europpblog, 6 September
IMF judgements on whether government austerity programmes can be successfully implemented are carefully followed by international financial markets. Markus Hinterleitner, Fritz Sager and Eva Thomann analyse the way the organisation has judged the credibility of austerity programmes in 14 European countries. They find that the IMF considers implementation credibility in its evaluations of austerity programmes, and uses these to push its own agenda.
Relevant Posts
- Independent Evaluation Office of the IMF, (2016), “The IMF and the Crises in Greece, Ireland, and Portugal”, IEO-IMF, July
- Hinterleitner, Markus, Sager, Fritz, Thomann, Eva, (2016), “The politics of external approval: Explaining the IMF’s evaluation of austerity programmes”, Wiley Online Library, 21 Μarch