Do as I say, not as I do...., The IMF in practice

« Older   Newer »
  Share  
FionaK
view post Posted on 28/2/2016, 15:14 by: FionaK




www.imf.org/external/pubs/ft/fandd/2016/03/furceri.htm

The IMF finds that lack of capital controls leads to increased inequality of income etc. But as ever, that does not lead them to abandon their policy prescription. And, as usual, the benefits which accrue in theory are not really elaborated. But they are definitely there: no question: never doubt it. So the conclusion is carry on doing it, even though it is always detrimental (though less in some economies than others): but do it carefully. That way your losses will be less (though still losses) and the benefits they fantasise might be "more likely" to materialise. Though they never actually have.
 
Top
19 replies since 12/11/2011, 10:09   620 views
  Share