Covid-19 Pandemic and the Fiscal Strategy of the International Monetary Fund: Towards New Directions in the Global Political Economy?

<span class="abs_content">This article seeks to contribute to the analyses of the impact of the Covid-19 on the global political economy. It does so through a qualitative content analysis of the key policy documents published by the International Monetary Fund (IMF) since the outbrea...

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Autores principales:	Francesco Amoretti, Adriano Cozzolino, Diego Giannone
Formato:	article
Lenguaje:	EN
Publicado:	Coordinamento SIBA 2021
Materias:	covid-19 international monetary fund fiscal policy planning state intervention Political science (General) JA1-92
Acceso en línea:	https://doaj.org/article/3c28508799f44b5ca2af9e7353737b95
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spelling	oai:doaj.org-article:3c28508799f44b5ca2af9e7353737b952021-11-21T15:11:42ZCovid-19 Pandemic and the Fiscal Strategy of the International Monetary Fund: Towards New Directions in the Global Political Economy?1972-76232035-660910.1285/i20356609v14i1p38https://doaj.org/article/3c28508799f44b5ca2af9e7353737b952021-06-01T00:00:00Zhttp://siba-ese.unisalento.it/index.php/paco/article/view/24015https://doaj.org/toc/1972-7623https://doaj.org/toc/2035-6609<span class="abs_content">This article seeks to contribute to the analyses of the impact of the Covid-19 on the global political economy. It does so through a qualitative content analysis of the key policy documents published by the International Monetary Fund (IMF) since the outbreak of the pandemic crisis. The IMF has been, historically, one of the main designers of international macroeconomic governance. The paper focuses on fiscal policy, which retains a central place in the strategy of the IMF to deal with the pandemic and especially for the post-pandemic recovery phase. The analysis of the documents of the IMF contributes (i) to appreciate the interpretation of the nature of the pandemic crisis through the lenses of a prominent international financial institution, (ii) to explore the policy strategy outlined to deal with the pandemic emergency, (iii) to assess possible changes at the level of policy, and accordingly, future directions in global political economy. Evidence suggests that fiscal stimulus, public investment and planning will likely have a prominent position in the future directions of the IMF policy advice.</span><br />Francesco AmorettiAdriano CozzolinoDiego GiannoneCoordinamento SIBAarticlecovid-19international monetary fundfiscal policyplanningstate interventionPolitical science (General)JA1-92ENPartecipazione e Conflitto, Vol 14, Iss 1, Pp 38-56 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	covid-19 international monetary fund fiscal policy planning state intervention Political science (General) JA1-92
spellingShingle	covid-19 international monetary fund fiscal policy planning state intervention Political science (General) JA1-92 Francesco Amoretti Adriano Cozzolino Diego Giannone Covid-19 Pandemic and the Fiscal Strategy of the International Monetary Fund: Towards New Directions in the Global Political Economy?
description	<span class="abs_content">This article seeks to contribute to the analyses of the impact of the Covid-19 on the global political economy. It does so through a qualitative content analysis of the key policy documents published by the International Monetary Fund (IMF) since the outbreak of the pandemic crisis. The IMF has been, historically, one of the main designers of international macroeconomic governance. The paper focuses on fiscal policy, which retains a central place in the strategy of the IMF to deal with the pandemic and especially for the post-pandemic recovery phase. The analysis of the documents of the IMF contributes (i) to appreciate the interpretation of the nature of the pandemic crisis through the lenses of a prominent international financial institution, (ii) to explore the policy strategy outlined to deal with the pandemic emergency, (iii) to assess possible changes at the level of policy, and accordingly, future directions in global political economy. Evidence suggests that fiscal stimulus, public investment and planning will likely have a prominent position in the future directions of the IMF policy advice.</span><br />
format	article
author	Francesco Amoretti Adriano Cozzolino Diego Giannone
author_facet	Francesco Amoretti Adriano Cozzolino Diego Giannone
author_sort	Francesco Amoretti
title	Covid-19 Pandemic and the Fiscal Strategy of the International Monetary Fund: Towards New Directions in the Global Political Economy?
title_short	Covid-19 Pandemic and the Fiscal Strategy of the International Monetary Fund: Towards New Directions in the Global Political Economy?
title_full	Covid-19 Pandemic and the Fiscal Strategy of the International Monetary Fund: Towards New Directions in the Global Political Economy?
title_fullStr	Covid-19 Pandemic and the Fiscal Strategy of the International Monetary Fund: Towards New Directions in the Global Political Economy?
title_full_unstemmed	Covid-19 Pandemic and the Fiscal Strategy of the International Monetary Fund: Towards New Directions in the Global Political Economy?
title_sort	covid-19 pandemic and the fiscal strategy of the international monetary fund: towards new directions in the global political economy?
publisher	Coordinamento SIBA
publishDate	2021
url	https://doaj.org/article/3c28508799f44b5ca2af9e7353737b95
work_keys_str_mv	AT francescoamoretti covid19pandemicandthefiscalstrategyoftheinternationalmonetaryfundtowardsnewdirectionsintheglobalpoliticaleconomy AT adrianocozzolino covid19pandemicandthefiscalstrategyoftheinternationalmonetaryfundtowardsnewdirectionsintheglobalpoliticaleconomy AT diegogiannone covid19pandemicandthefiscalstrategyoftheinternationalmonetaryfundtowardsnewdirectionsintheglobalpoliticaleconomy
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Covid-19 Pandemic and the Fiscal Strategy of the International Monetary Fund: Towards New Directions in the Global Political Economy?

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