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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
The world financial scene: balancing risks and rewards
Journal Article
Monetary policy in 1989: balancing the risks
Journal Article
Velocity behavior of the new monetary aggregates
Journal Article
Costs and benefits of reducing inflation
Journal Article
Free reserves and monetary policy
Journal Article
Is the United States too dependent on foreign capital?