Beyond Macroeconomic Stability

1. Introduction
Iyanatul Islam, David Kucera

Part I. Limits of the Conventional Macroeconomic Policy Framework

2. Dispensing Macroeconomic Policy Advice to Developing Countries: The IMF’s Article IV Consultations
Iyanatul Islam, Ishraq Ahmed, Rathin Roy, Raquel Ramos

3. Fiscal Consolidation: Issues and Evidence
Anis Chowdhury, Iyanatul Islam

4. Should Developing Countries Target Low, Single-Digit Inflation to Promote Growth and Employment?
Sarah Anwar, Iyanatul Islam

Part II. Structural Transformation and the Development of Capabilities

5. Structure Matters: Sectoral Drivers of Growth and the Labour Productivity-Employment Relationship
David Kucera, Leanne Roncolato

6. Creating Productive Capacities, Employment and Capabilities for Development: The Case of Infrastructure Investment
Irmgard Nübler, Christoph Ernst

7. Investing in People: Extending Social Security through National Social Protection Floors
Christina Behrendt

Part III. Inequality, Wages and their Macroeconomic Consequences

8. Wages and Growth in Open Economies: A Policy Dilemma?
Massimiliano La Marca, Sangheon Lee

9. Keeping up with the Joneses or Keeping One’s Head above Water? Inequality and the Post-2007 Crisis
David Kucera, Rossana Galli, Fares Al-Hussami

Nyckelord: Economics, Labor Economics, International Economics, Development Economics, Industrial Organization, Microeconomics, Social Choice/Welfare Economics/Public Choice