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The IMF, the Eurozone and global financial crises, and the politics of economic ideas
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Clift, Ben (2020) The IMF, the Eurozone and global financial crises, and the politics of economic ideas. Comparative European Politics, 18 . pp. 99-108. doi:10.1057/s41295-018-0146-x ISSN 1472-4790.
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Official URL: http://dx.doi.org/10.1057/s41295-018-0146-x
Abstract
The core European economic policy debate of the last decade, and probably the next, surrounds the wisdom or otherwise of fiscal consolidation and other austerity policies, pursued in response to higher public debt and credibility concerns sparked by the Global Financial and Eurozone crises. The IMF and the Politics of Austerity charts how the IMF fed into those debates, promoting one prominent set of diagnostic economic ideas about the crisis, and appropriate responses. In the process, the IMF re-evaluated its understanding of financial markets and their relationship to economic stability, and also re-assessed its understandings of fiscal policy efficacy for advanced economies it deemed to have ‘fiscal space’. In this contribution I address a range of issues raised in this symposium about austerity, the IMF, and the politics of economic ideas. For European politics scholars, the IMF warrants closer inspection than it often receives. This, as Lagarde put it, is ‘not your grandmother’s IMF'.
Item Type: | Journal Article | ||||||||
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Subjects: | H Social Sciences > HC Economic History and Conditions | ||||||||
Divisions: | Faculty of Social Sciences > Politics and International Studies | ||||||||
Library of Congress Subject Headings (LCSH): | European Union -- Economic aspects, Eurozone , Global Financial Crisis, 2008-2009, International Monetary Fund | ||||||||
Journal or Publication Title: | Comparative European Politics | ||||||||
Publisher: | Palgrave Macmillan Ltd. | ||||||||
ISSN: | 1472-4790 | ||||||||
Official Date: | February 2020 | ||||||||
Dates: |
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Volume: | 18 | ||||||||
Page Range: | pp. 99-108 | ||||||||
DOI: | 10.1057/s41295-018-0146-x | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Reuse Statement (publisher, data, author rights): | This is a post-peer-review, pre-copyedit version of an article published in Comparative European Politics. The definitive publisher-authenticated version Clift, B. Comp Eur Polit (2018). https://doi.org/10.1057/s41295-018-0146-x is available online at: https://doi.org/10.1057/s41295-018-0146-x | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 9 January 2019 | ||||||||
Date of first compliant Open Access: | 16 November 2019 |
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