The likely impact of the EMU on the variability and level of employment is analysed. The major conclusions are: (1) Although an inflation-target regime will constrain monetary policy of a non-participant in the EMU, it still leaves considerable scope for exchange rate chages in the case of...

The FAO provides estimates of the prevalence of undernutrition which are claimed to be comparable over countries and time. These estimates form the empirical foundation for the resolution adopted by 186 governments at the World Food summit in 1996, with the intent of reducing the number of...

The paper demonstrates that policy makers have a precautionary motive to undertake more labour-market reform - and hence attain lower equilibrium unemployment - inside a monetary union than outside. The reason is a desire to reduce the utility cost of variations in employment when asymmetric...