APThe International Monetary Fund thinks all that neoliberalism might've been too much of a good thing. Neoliberalism — which IMF researchers Jonathan Ostry, Prakash Loungani, and Davide Furceri loosely define as the opening of economies to foreign capital along with a reduction in government debt burdens — has been the dominant trend in economic policymaking over the last 30 or so years.
Imf: The Last Generation Of Economic Policies May Have Been A Complete Failure
mudland@businessinsider.com (Myles Udland), Business Insider
Fri, 05/27/2016 - 7:15am
Topics: apthe international monetary fund neoliberalism jonathan ostry prakash loungani davide furceri ronald reagan bill clinton margaret thatcher uk increased according to ostray adding since chart ap furceri outline see greece europe faced alberto alesina european central bank president jean-claude trichet ostray writing the financial times shawn donnan watch greek finance minister the imf ostry furceri loungani generation economic policies complete growth debt inequality countries agenda costs policy fiscal output burden episodes country foreign pursuit openness consolidation austerity investment inflows write borrowing level effects broad speculative case economies notes view report crisis choice world economy risks views house boost research increasing distributional living argument benefits terms employment prime government emerging income work market political higher emphasis money argues led elite size state
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