By underestimating the Keynesian fiscal multiplier, #IMF mistakenly justified #austerity policies, causing recession with devastating consequences
▻http://www.imf.org/external/pubs/ft/wp/2013/wp1301.pdf
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By underestimating the Keynesian fiscal multiplier, #IMF mistakenly justified #austerity policies, causing recession with devastating consequences
▻http://www.imf.org/external/pubs/ft/wp/2013/wp1301.pdf