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Central banks, inflation targeting and employment creation

Economic and Labour Market Paper 2007/2

Type: Working paper
Date issued: 01 February 2007
Reference: 978-92-2-120072-7[ISBN]
Authors: Gerald Epstein

Argues that monetary policy should be expanded to consider employment creation along with inflation control in those countries where unemployment and underemployment are a cause for concern. Discusses a range of policy options that can be used to pursue this goal, including credit allocation policies, supporting development banks and devising regulations in support of development lending.

Tags: employment creation, developing countries

Regions and countries covered: South Africa

Unit responsible: Employment Analysis and Research (EMP/ANALYSIS)

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Central banks, inflation targeting and employment creation


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