Review calls on IMF to deepen monetary expertise

Christine Lagarde
Christine Lagarde says she “broadly” supports the report’s conclusions
IMF/Cliff Owen

The International Monetary Fund suffers from a lack of sufficient expertise in cutting-edge monetary economics and needs to take action, an independent review finds.

The report, published today (June 14) by the fund’s Independent Evaluation Office, finds the IMF broadly made the right calls in supporting aggressive unconventional monetary policy (UMP) in the wake of the 2008 crisis, despite warnings by many economists of possible dangerous side effects.      

Yet the IEO also finds the fund

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: