The IMF and the politics of austerity in the wake of the global financial crisis / Ben Clift.

This book analyses the IMF's role as arbiter of legitimate economic policy since the 2008 crash, and during aftershocks of the Eurozone crisis.

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Bibliographic Details
Main Author:	Clift, Ben (Author)
Format:	eBook
Language:	English
Published:	Oxford : Oxford University Press, 2018.
Subjects:	Globalization > Economic aspects. International economic relations. Investments, Foreign. International agencies. Economic development. international organizations. economic development. globalism. BUSINESS & ECONOMICS > International > Economics. BUSINESS & ECONOMICS > International > General. Economic development Globalization > Economic aspects International agencies International economic relations Investments, Foreign
Online Access:	Click for online access

Table of Contents:

Cover; The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis; Copyright; Dedication; Acknowledgements; Contents; List of Abbreviations; 1: The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis; Introduction; Constructing Economic Orthodoxy; Economics, Ideology, and Fiscal Policy; The Social Construction of Crisis, and of Economic Policy Orthodoxy; Shared Understandings within the Fund of the Economy and Policy; Outline of the Book; 2: Ideational Change at the IMF after the Crash; Introduction; Ideational Change but not Paradigm Change
Constructivist Institutionalism and Ideational Change at the IMFPutting the CI Approach into Practice: Mechanisms of Ideational Change in the Fund; Power Relations and Practices of IMF Economic Policy Knowledge Production; Hierarchy and Path-Contingent Change in IMF Economic Ideas after the Crash; IMF Bricolage and the â#x80;#x98;New Normalâ#x80;#x99;; Conclusion; 3: The IMF, Economic Schools of Thought, and Their Normative Underpinnings; Introduction; The Fundâ#x80;#x99;s Repertoire of Economic Ideas and Academic Economics; Schools of Thought in Economics and Their Normative Underpinnings; Keynesianism
The Neo-Classical SynthesisNew Classical Macroeconomics; New Keynesian Macroeconomics; New Consensus Macroeconomics; The IMFâ#x80;#x99;s Repertoire of Fiscal Policy Thinking before the Crash; The Fund and its Post-Crisis Fiscal Policy Rethink; The Scope for Keynesian Thinking within the New Consensus; Conclusion; 4: Analysing the IMF Surveillance of Advanced Economies: The Social Construction of Fiscal Space; Introduction; The IMF as an Actor in World Politics: Conceptions of Fund Autonomy and Agency; Fund Authority, its Surveillance Mandate, and Advanced Economies
Powerful Members, Fund Autonomy, and the Moveable Limits of â#x80;#x98;Thinkableâ#x80;#x99; PolicyFund Influence over Advanced Economy Policies and Its Limits; Maximizing Traction? IMF Bricolage and Framing Policy Advice; The Politics of Austerity and the Social Construction of Fiscal Space; The Wax and Wane of Fund Influence over Advanced Economy Fiscal Policy Debates; Conclusion; 5: The Fundâ#x80;#x99;s Fiscal Policy Views and the Politics of Austerity; Introduction; The Fundâ#x80;#x99;s Re-Evaluation of Fiscal Policy Potency and Efficacy for Advanced Economies; Fiscal Policy for the Crisis
The Evolving Crisis Narrative: From Macroeconomic Stimulus to Exit StrategiesThe Troika and the Politics of Austerity; Growth Friendly Fiscal Consolidation?; Fiscal Policy Efficacy and Consolidation in Recessionary Conditions; The Eurozone Crisis and the Politics of Fiscal Rectitude; Both Too Much and Too Little Fiscal Consolidation Can Be Dangerous; The Second Revival of Counter-Cyclical Policy; Conclusion; 6: The IMF, the UK Policy Debate, and Debt and Deficit Discourse; Introduction; UK/IMF Relations: IMF Intellectual Authority and the Limits of â#x80;#x98;Tractionâ#x80;#x99

The IMF and the politics of austerity in the wake of the global financial crisis / Ben Clift.

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