Category Archives: IMF

This category considers publications from the International Monetary Fund.

IMF still away with the pixies

The abysmal performance of the IMF in recent years has been one of the side stories of the Global Financial Crisis. They have consistently hectored nations about cutting deficits using models that were subsequently shown to be deeply flawed. They … Read the rest of this entry »

Posted in IMF, Japan | 7 Comments

The blood on the criminals’ hands is thick and won’t wash away

On Monday (July 8, 2013), the IMF released its “preliminary findings” of the – Article IV Consultation with the Euro Area. The nomenclature and turn of phrase alone are symptomatic of the organisation’s incapacity to come to terms of the … Read the rest of this entry »

Posted in Economics, IMF | 18 Comments

The case to defund the Fund

Imagine a patient that goes in for surgery to fix an in-grown toe-nail. She comes out in a wheelchair after the surgeon has trimmed a little more than expected from the toe. The result is she loses her whole leg … Read the rest of this entry »

Posted in Eurozone, IMF | 6 Comments

Neo-liberalism – the antithesis to democracy

I recall a professor in my student days (formal that is, given we are always students if we remain open) telling a postgraduate class that economic development could only occur if the social democratic pretensions of the left, including tolerance … Read the rest of this entry »

Posted in Eurozone, IMF, UK Economy | 9 Comments

ILO …. ILF … IMF

The International Labour Organization (ILO) released its latest – Global Employment Trends 2013 – yesterday (January 22, 2013), which carried the sub-title “Recovering from a second jobs dip”. The way things are going in policy circles next year’s ILO Trends … Read the rest of this entry »

Posted in Economics, IMF | 9 Comments

IMF locked into circular (religious) logic again

Earlier this year the President of the European Commission declared that “the euro crisis is a thing of the past” (Source). As with most things the President says the reality is different to his political speak. The latest news is … Read the rest of this entry »

Posted in Economics, IMF | 11 Comments

IMF struggling with facts that confront its ideology

I haven’t a lot of time today (travel) but I thought the latest offering of the IMF was interesting. In their latest World Economic Outlook (April 2012 – which will be released in full next week) they provided two advance … Read the rest of this entry »

Posted in Economics, IMF | 14 Comments

IMF – the height of hypocrisy but still wrong as usual

When I read the latest news from the IMF early this morning I sent out a tweet saying that it was the height of hypocrisy for the IMF now to be trying to reclaim the high ground in the current … Read the rest of this entry »

Posted in IMF | 14 Comments

The catechism of the IMF

In early January 2012, the IMF published the following working day – Central Bank Credit to the Government: What Can We Learn from International Practices? (thanks Kostas). In terms of the title you can’t learn very much if you start … Read the rest of this entry »

Posted in IMF | 13 Comments