Investigating how lending conditional programs of the International Monetary Fund (IMF) affect the unemployment rate. We apply four different empirical approaches accounting for the selection bias issue using a panel of 96 countries for the period of 1971-2015. We find that IMF loan programs...

In this paper, we examine the effect of IMF (imposed) programs on countries income inequality for the period 1963-2015. To deal with selection bias, we use a potential outcomes framework, which does not rely on the selection of matching variables and has the further advantage of uncovering the...

This study investigates the effect of IMF intervention on the size of the shadow economy. Using a panel of 141 countries from 1991 to 2014 we examine the impact of both IMF participation and conditionality on the informal economy. Following a recent methodological approach our analyses address...