The likely impact of the EMU on the variability and level of employment is analyzed. The major conclusions are as follows: (i) Although an inflation-target regime will constrain monetary policy of a non-participant in the EMU, it still leaves considerable scope for exchange-rate changes in the...

The argument by Piketty and others that there is growing inequality and this is causing damage is not new. But regardless of who is running this argument, it is significantly flawed. The poor have definitely improved their situation, especially if taxes and income support are included, in many...

The paper examines the determinants of employment growth, drawing on data available across a sample of Caribbean countries. To that end, the paper analyzes estimates of the employment-output elasticity and the response of employment growth to major sources of labor market determinants, in the...

This article adopts Complexity Theory to improve understanding of Iraq's future patterns of democratic stabilization and consolidation. It emphasizes the importance of soft technologies, as well as hard technologies for making better public policy choices. The article also sheds light on Iraq's...

In this paper, we develop a voting model to analyze the possibilities of observing different kinds of reforms in the labor market in Argentina. We consider different types of workers, such as unemployed, employed but specific, and employed but adaptive. We also consider labor unions, firms, and...

The Irish economy has had one of the worst experiences of economic crisis within the EU since 2008. That the crisis has an international dimension is beyond question. What needs to be explored further is the contribution of domestic political factors which weakened the capacity of the Irish...

Economists usually inform policymakers with conclusions that come from studying the conditional expectation, i.e. arithmetic mean, of some potential outcome. But there are other means to study, from the same ‘quasilinear' family. And they can support very different conclusions. In trade...