Policy advice in crisis: how inter-governmental organisations have responded to the GFC

Since the 1970s, key Inter-Governmental Organisations (IGOs), notably the International Monetary Fund (IMF) and the Organisation for Economic Cooperation and Development (OECD), have subscribed to neo-liberal orthodoxy. This was evident, for example, in the labour market and macroeconomic policy prescriptions of the OECD Jobs Study (1994) and the IMF’s imposition of structural adjustment policies during the Asian Financial Crisis (Feldstein, 1998).