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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
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