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Rethinking monetary and financial policy : practical suggestions for monitoring financial stability while generating employment and poverty reduction

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  • Epstein, Gerald.

Abstract

Summarizes employment oriented macroeconomic and financial policies that governments in developing countries can adopt to help promote more and better employment as a key to reducing poverty over the medium to long run.

Suggested Citation

  • Epstein, Gerald., 2009. "Rethinking monetary and financial policy : practical suggestions for monitoring financial stability while generating employment and poverty reduction," ILO Working Papers 994344393402676, International Labour Organization.
    • Handle: RePEc:ilo:ilowps:994344393402676
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    File URL: http://www.ilo.org/public/libdoc/ilo/2009/109B09_195_engl.pdf
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    References listed on IDEAS

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    1. Robert Pollin & Mwangi wa Githinji, 2008. "An Employment-Targeted Economic Program for Kenya," Books, Edward Elgar Publishing, number 13219.
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    3. Arjun Jayadev, 2008. "The class content of preferences towards anti-inflation and anti-unemployment policies," International Review of Applied Economics, Taylor & Francis Journals, vol. 22(2), pages 161-172.
    4. -, 2003. "From capital surges to drought: seeking stability for emerging economies," Copublicaciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1783 edited by Eclac.
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    6. Raghbendra Jha, 2008. "Inflation targeting in India: issues and prospects," International Review of Applied Economics, Taylor & Francis Journals, vol. 22(2), pages 259-270.
    7. Frenkel, Roberto & Ros, Jaime, 2006. "Unemployment and the real exchange rate in Latin America," World Development, Elsevier, vol. 34(4), pages 631-646, April.
    8. Elissa Braunstein & James Heintz, 2008. "Gender bias and central bank policy: employment and inflation reduction," International Review of Applied Economics, Taylor & Francis Journals, vol. 22(2), pages 173-186.
    9. Roberto FRENKEL, 2004. "Real exchange rate and employment in Argentina, Brazil, Chile and Mexico," Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 19(223), pages 29-52.
    10. Reinhart, Karmen & Rogoff, Kenneth, 2009. ""This time is different": panorama of eight centuries of financial crises," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 77-114, March.
    11. Gerald Epstein & James Heintz, 2006. "Monetary Policy and Financial Sector Reform for Employment Creation and Poverty Reduction in Ghana," Research Report 2, International Policy Centre for Inclusive Growth.
    12. Jayadev, Arjun, 2006. "Differing preferences between anti-inflation and anti-unemployment policy among the rich and the poor," Economics Letters, Elsevier, vol. 91(1), pages 67-71, April.
    13. Robert Pollin & Andong Zhu, 2006. "Inflation and economic growth: a cross-country nonlinear analysis," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 28(4), pages 593-614.
    14. Philip Arestis & Fernando Ferrari-Filho & Luiz Fernando de Paula, 2011. "Inflation targeting in Brazil," International Review of Applied Economics, Taylor & Francis Journals, vol. 25(2), pages 127-148.
    15. Aryeetey, Ernest & Udry, Christopher, 1997. "The Characteristics of Informal Financial Markets in Sub-Saharan Africa," Journal of African Economies, Centre for the Study of African Economies, vol. 6(1), pages 161-203, March.
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    17. Ashton, David. & Sung, Johnny. & Raddon, Arwen. & Riordan, Trevor., 2008. "Challenging the myths about learning and training in small and medium- sized enterprises : implications for public policy?," ILO Working Papers 994028103402676, International Labour Organization.
    18. Bruno, Michael & Easterly, William, 1998. "Inflation crises and long-run growth," Journal of Monetary Economics, Elsevier, vol. 41(1), pages 3-26, February.
    19. James Heintz & Gerald Epstein, 2006. "Monetary Policy and Financial Sector Reform For Employment Creation and Poverty Reduction in Ghana," Working Papers wp113, Political Economy Research Institute, University of Massachusetts at Amherst.
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    21. Carmen M. Reinhart & Kenneth S. Rogoff, 2014. "This Time is Different: A Panoramic View of Eight Centuries of Financial Crises," Annals of Economics and Finance, Society for AEF, vol. 15(2), pages 215-268, November.
    22. Robert Pollin & Gerald Epstein & James Heintz & Léonce Ndikumana, 2006. "An Employment-targeted Economic Programme for South Africa," Research Report 1, International Policy Centre for Inclusive Growth.
    23. Terry McKinley, 2006. "The monopoly of global capital flows: Who needs structural adjustment now?," Working Papers 12, International Policy Centre for Inclusive Growth.
    24. repec:ilo:ilowps:402810 is not listed on IDEAS
    25. Ernest Aryeetey, 2003. "Recent Developments in African Financial Markets: Agenda for Further Research," Journal of African Economies, Centre for the Study of African Economies, vol. 12(Supplemen), pages 111-152, September.
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    27. Gerald A. Epstein & A. Erinc Yeldan (ed.), 2009. "Beyond Inflation Targeting," Books, Edward Elgar Publishing, number 13168.
    28. Nelson H. Barbosa-Filho, 2009. "Inflation Targeting in Brazil: 1999–2006," Chapters, in: Gerald A. Epstein & A. Erinc Yeldan (ed.), Beyond Inflation Targeting, chapter 7, Edward Elgar Publishing.
    29. Ilene GRABEL, 2004. "Trip Wires And Speed Bumps: Managing Financial Risks And Reducing The Potential For Financial Crises In Developing Economies," G-24 Discussion Papers 33, United Nations Conference on Trade and Development.
    30. Reinhart, Carmen M. & Rogoff, Kenneth S., 2013. "Banking crises: An equal opportunity menace," Journal of Banking & Finance, Elsevier, vol. 37(11), pages 4557-4573.
    31. Mr. Patrick Honohan & Mr. Stephen A. O'Connell, 1997. "Contrasting Monetary Regimes in Africa," IMF Working Papers 1997/064, International Monetary Fund.
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    4. Rick Rowden, 2010. "Poverty reduction is not development," Review of African Political Economy, Taylor & Francis Journals, vol. 37(126), pages 503-516, December.
    5. Guerra, Maria Lucia., 2012. "Implications of the recent macroeconomic policies on employment and labour market outcomes in Peru," ILO Working Papers 994783093402676, International Labour Organization.
    6. Haq, Tariq. & Zaki, Chahir., 2015. "Macroeconomic policy for employment creation in Egypt : past experience and future prospects," ILO Working Papers 994894173402676, International Labour Organization.
    7. Ortiz, Isabel, & Cummins, Matthew. & Capaldo, Jeronim. & Karunanethy, Kalaivani., 2015. "The decade of adjustment : a review of austerity trends 2010-2020 in 187 countries," ILO Working Papers 994890453402676, International Labour Organization.
    8. World Bank, 2020. "Nepal Development Update, July 2020," World Bank Publications - Reports 34178, The World Bank Group.
    9. Waeyenberge, Elisa Van. & Bargawi, Hannah., 2011. "Macroeconomic policy for "full and productive employment and decent work for all" : Uganda country study," ILO Working Papers 994658733402676, International Labour Organization.

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