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Marianne: The incredible errors by IMF experts & the wrong multiplier

Do you remember the report by IMF advisors Blanchard & Leigh “Growth forecast errors and fiscal multipliers, who were admitting the negative effects of the austerity measures? French weekly magazine Marianne wrote an article about the fatal mistakes made by the International Monetary Fund and located the calculation error – the wrong multiplier! The incredible …

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IMF report: Austerity programs with 200% errors

 The International Monetary Fund finally realizes what every doctor would advise an overweight patient: that fast fiscal diets are too unhealthy and too dangerous for people – and governments.  That’s more or less the conclusion of IMF Economic Counsellor Olivier Blanchard and research-department economist Daniel Leigh, conclusion published on a working paper. …

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