
Contents
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Introduction Introduction
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Ideational Change but not Paradigm Change Ideational Change but not Paradigm Change
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Constructivist Institutionalism and Ideational Change at the IMF Constructivist Institutionalism and Ideational Change at the IMF
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Putting the CI Approach into Practice: Mechanisms of Ideational Change in the Fund Putting the CI Approach into Practice: Mechanisms of Ideational Change in the Fund
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Power Relations and Practices of IMF Economic Policy Knowledge Production Power Relations and Practices of IMF Economic Policy Knowledge Production
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Hierarchy and Path-Contingent Change in IMF Economic Ideas after the Crash Hierarchy and Path-Contingent Change in IMF Economic Ideas after the Crash
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IMF Bricolage and the ‘New Normal’ IMF Bricolage and the ‘New Normal’
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Conclusion Conclusion
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2 Ideational Change at the IMF after the Crash
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Published:February 2018
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Abstract
This chapter advances the case for a Constructivist Institutionalist (CI) approach to the analysis of ideational change, making the case for ‘bricolage’ rather than paradigm shifts. It foregrounds actors’ cognitive and ideational filters, underlining the importance of how Fund staff see themselves and their role. The analysis charts key facets of the Fund’s internal workings, including its hierarchical nature, internal review processes, and how internal interactions are evolving. The complexities of institutional mediation leads to the sedimented but ongoing influence of multiple economic ideas. Four mechanisms of IMF ideational change—reconciliation, operationalization, corroboration, and authoritative recognition—are identified to explain which ideas come to prevail, why and how. Ideas need to be framed and packaged to jump through the hoops of internal social recognition. The chapter delineates the permissive conditions necessary for key actors to navigate internal power structures to effect ideational change.
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