Circumventing macroeconomic conservatism: a policy framework for growth, employment and poverty reduction

Fuente: Organización Internacional del Trabajo (OIT)
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Autore principale: Iyanatul Islam
Natura: Artículo científico
Pubblicazione: International Labour Organization 2005
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author Iyanatul Islam
author_facet Iyanatul Islam
Iyanatul Islam
contents Circumventing macroeconomic conservatism: a policy framework for growth, employment and poverty reduction Iyanatul Islam Conservative macroeconomic policy, as currently understood and practised in many developing countries, is preoccupied with stability at the expense of growth and with fiscal and inflation targets at the expense of employment. This article argues that the empirical foundation of macroeconomic conservatism is fragile and there is a case for developing a viable alternative to current orthodoxy. Such an alternative is consistent with the substance and spirit of the ILO's Decent Work Agenda that emphasizes employment creation, comprehensive social protection, and the strengthening of labour market institutions through social dialogue and protection of labour rights. publication.journalArticle
format Artículo científico
id ilo_995219471802676
institution Organización Internacional del Trabajo (OIT)
publishDate 2005
publisher International Labour Organization
spellingShingle Circumventing macroeconomic conservatism: a policy framework for growth, employment and poverty reduction
Iyanatul Islam
Circumventing macroeconomic conservatism: a policy framework for growth, employment and poverty reduction Iyanatul Islam Conservative macroeconomic policy, as currently understood and practised in many developing countries, is preoccupied with stability at the expense of growth and with fiscal and inflation targets at the expense of employment. This article argues that the empirical foundation of macroeconomic conservatism is fragile and there is a case for developing a viable alternative to current orthodoxy. Such an alternative is consistent with the substance and spirit of the ILO's Decent Work Agenda that emphasizes employment creation, comprehensive social protection, and the strengthening of labour market institutions through social dialogue and protection of labour rights. publication.journalArticle
title Circumventing macroeconomic conservatism: a policy framework for growth, employment and poverty reduction
url https://researchrepository.ilo.org/esploro/outputs/journalArticle/Circumventing-macroeconomic-conservatism-a-policy-framework/995219471802676