This paper develops a theory of employment guarantees when labor markets are imperfect and when the credibility of government policy announcements could be in doubt. The basic feature of an EGS is that any individual who satisfies a set of specified criteria is guaranteed public employment at a...

The object of this paper is to set out a methodology for analysing the impact on the poor in less developed countries of adjustment to disturbances arising in the international sectors of these economies. The methodology is not based on a detailed general equilibrium model of the whole economy,...