Dreher, Axel (contributor); Marchesi, Silvia (contributor); … - 2007
Using panel data for 157 countries over the period 1999-2005 we empirically investigate the politics involved in IMF … find inflation forecasts are systematically biased downwards for countries with greater IMF loans outstanding relative to … GDP, indicating that the IMF engages in "defensive forecasting". Countries with a fixed exchange rate regime also receive …