ILO pub-WEP pub. Working paper on structural change and industrial policy trends from 1970-1980 in Japan - discusses adjustment to petroleum price increases and inflation, competition, changing occupational structure and trade structure, role of workers, trade unions and entrepreneurs (incl....

Historically, periods of high indebtedness have been associated with a rising incidence of default or restructuring of public and private debts. A subtle type of debt restructuring takes the form of "financial repression." Financial repression includes directed lending to government by captive...

Since the start of the financial crisis, industrial country public debt levels have increased dramatically. And they are set to continue rising for the foreseeable future. A number of countries face the prospect of large and rising future costs related to the ageing of their populations. In this...

ILO pub-WEP pub-PREALC pub. Working paper presenting the macroeconomics dimension of capital formation and basic needs planning in Latin America - based on an economic model, discusses the role of economic policy, public investment and wage policy in economic growth; explains the relation...

Undertakes a content analysis of 2009 - 2010 IMF Article IV consultations for a sample of thirty low income and twenty middle income countries on fiscal adjustment, inflation targets, employment generation, poverty reduction and expansion of social protection.

ILO pub-WEP pub. Working paper on the banking system, monetary policy, credit, illiquidity and inflation in Yugoslavia - constitutes part of a WEP research project on population and employment. References and statistical tables.

Following the experience of the global financial crisis, central banks have been asked to undertake unprecedented responsibilities. Governments and the public appear to have high expectations that monetary policy can provide solutions to problems that do not necessarily fit in the realm of...

The remarkable stability of low domestic inflation in many countries requires explanation. In this paper, a number of competing hypotheses are evaluated on a stand-alone basis, and all are found to be inadequate. This includes the view that this outcome has been solely the result of more...

This paper reviews the challenges faced by central banks in recent years in order to evaluate their policy implications going forward. To highlight the genuine uncertainty surrounding the lessons to be drawn, the paper examines recent experience through two intentionally polarised perspectives,...