How Much Does The IMF Care About Inequality? Dynamics Of Fragmented Institutional Change And Mission-Consistent Adaptation
Document Type
Book Chapter
Publication Date
2024
Published In
Oxford Handbook Of The International Monetary Fund
Abstract
Employing text data analysis on over 6,500 International Monetary Fund (IMF) documents from different operational units of the organization, this chapter first finds that the IMF’s approach to inequality has changed over the past two decades, but in a manner that is uneven across the different constituent parts of the organization. This evidence lends further support to the notion of IMF and IO “fragmented change” developed by Kaya and Reay (2019). Second, the chapter finds that while inequality now is more prominent in the IMF’s policy advice, it matters only insofar as inequality is related to core macroeconomic issues—institutional change has occurred in a “mission-consistent” manner. Thus, the IMF has more focus on inequality in institutional thinking but less in institutional output.
Keywords
IMF, inequality, Washington Consensus, Global Financial Crisis, surveillance, lending, fragmented change, institutional change, institutional adaptation, transmission mechanisms
Published By
Oxford University Press
Editor(s)
M. Hibbe and B. Momani
Recommended Citation
Ayse Kaya.
(2024).
"How Much Does The IMF Care About Inequality? Dynamics Of Fragmented Institutional Change And Mission-Consistent Adaptation".
Oxford Handbook Of The International Monetary Fund.
280-300.
DOI: 10.1093/oxfordhb/9780192858405.013.18
https://works.swarthmore.edu/fac-poli-sci/752