A Keynesian Revolution or Austerity? The IMF and the Covid-19 Crisis
Bibliographic Data
| ID | 13127359 |
|---|---|
| Authors | Saliha Metinsoy (0000-0002-5763-2231, University of Groningen, corresponding author) |
| Year | 2021 |
| Volume | 2 |
| Issue | 1 |
| Publication date | 2021-01-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Global Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 2575-7350 • E-ISSN: 2575-7350 |
| Publisher | University of California Press (PUBLISHER • US) |
| DOI | 10.1525/gp.2021.24185 |
| OpenAlex | W3164669377 |
| Language | EN |
| Citations received | 7 |
This commentary for the “Political Economy Section COVID-19 Collection’’ discusses ideational continuity and change at the International Monetary Fund (IMF) in the context of the COVID-19 pandemic. It argues that, despite an initial advice to increase the government spending, the Fund has later reverted back to the market orthodoxy recommending fiscal discipline and balanced government budget in the longer-term. The piece argues that, although a global crisis and increased government spending by influential member states such as the United States might have prompted an ideational shift at the Fund, a lack of clear theorization of longer-term Keynesian policies in academic circles and in the economics profession, prevented a paradigmatic change at the Fund
Austerity · Context (archaeology · Coronavirus disease 2019 (COVID-19 · Economic policy · Economics · Financial crisis · Fiscal policy · Government (linguistics · Government spending · Keynesian economics · Market economy · Orthodoxy · Political economy · Political science · Politics · Economic Theory and Policy · Global Financial Crisis and Policies · Law · Medicine
Macro-critical but market-centric
Debt in the time of Covid-19
Economic Narratives and the Legitimacy of Foreign Direct Investments
Selective Friendship at the Fund”
Twenty-First-Century Crises and the Social Turn of International Financial Institutions
Covid-19 impact and recovery for women informal workers – a view from 2021
The African Development Bank’s Covid-19 response
| Citations per year | 1.75 |
|---|---|
| Citation span | 2022 - 2026 (5) |
| Highly cited | No |