Undertakes a content analysis of 2009 - 2010 IMF Article IV consultations for a sample of thirty low income and twenty middle income countries on fiscal adjustment, inflation targets, employment generation, poverty reduction and expansion of social protection.

Introduces the notion of employment elasticity and describes statistical methods for its estimation. Based on annual labour force surveys and censuses, estimates the employment elasticity of major sectors in Indonesia between 1977 and 1996. Makes recommendations based on a comparison of the...