Books reviewed: Michael Borowitz, Elizabeth Wiley, Fadia Saadah and Enis Baris, Addressing HIV/AIDS in East Asia and the Pacific Paul Glewwe, Nisha Agrawal and David Dollar (eds), Economic Growth, Poverty, and Household Welfare in Vietnam Will Martin and Mari Pangestu, Options for Global Trade...

Structural conditions pose a challenge to monetary policy, as the example of Japan shows. In this paper we develop the concept of structural trap, where the interplay of long-term economic development incentives, politics, and demographics results in economies being unable to efficiently...