Well, the IMF has just published the latest issue of its quarterly magazine Finance and Development which contains a number of articles (precis of research papers) which are, to say the least, challenging to the coalition's worldview.
Consider 'Painful Medicine' by Daniel Leigh, Laurence Ball and Prakash Loungani which has already been helpfully summarised by Paul Krugman. Building on previous IMF research this explodes the carefully cultivated myth that fiscal contraction (cutting public spending) is good for growth and jobs. It finds that:
1) cuts are bad for incomes and jobs
2) cuts increase long-term unemployment
3) cuts hit labour much harder than capital (an aside - snipping tool, I love you)
Unfortunately, these pain relievers are not easy to come by in today’s environment. In many economies, central banks can provide only a limited monetary stimulus because policy interest rates are already near zero. Moreover, if many countries carry out fiscal austerity at the same time, the reduction in incomes in each country is likely to be greater, since not all countries can reduce the value of their currency and increase net exports at the same time".
And it doesn't stop there...this issue of F&D also includes a short piece, 'Unequal = indebted', Kumhof & Ranciere, drawing attention to the association between high levels of income inequality and high domestic and foreign indebtedness. Inequality as a proximiate cause of financial crisis is an issue the STUC has consistently raised and one these IMF economists have published on before.