Schizophrenia at the IMF Jayati Ghosh

At long last, the International Monetary Fund has begun to recognize that the best way to reduce sovereign debt is by boosting economic growth, rather than insisting on fiscal retrenchment. But this new understanding is being undermined by a lingering adherence to growth-inhibiting austerity policies.

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(This article was originally published in the Project Syndicate on March 19, 2023)