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Journal Article
Should the discount rate be a penalty rate?
Journal Article
Reducing unemployment: current issues and policy options: a summary of the Bank's 1994 symposium
Reducing unemployment has become a top priority for economic policy in most industrialized nations. While unemployment will ebb somewhat as countries recover from the recent global recession, millions are likely to remain jobless for a variety of structural reasons. Moreover, there is a disturbing trend in many industrialized countries toward long-term unemployment, especially among low-skilled workers. This trend has had less effect on measured unemployment in the United States than in Europe in part because U.S. workers have greater incentives to accept low-wage jobs. Nonetheless, virtually ...
Journal Article
Velocity behavior of the new monetary aggregates
Journal Article
Weighting multiple monetary aggregate targets
Journal Article
Was the ERM crisis inevitable?
Journal Article
The world financial scene: balancing risks and rewards
Journal Article
Is a recession inevitable this year?
Journal Article
Costs and benefits of reducing inflation