Beyond Macroeconomic Stability: Structural Transformation and Inclusive Development

1. Introduction; Iyanatul Islam and 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 and Raquel Ramos 3. Fiscal Consolidation: Issues and evidence; Anis Chowdury and Iyanatul Islam 4. Should Developing Countries Target Low, Single Digit Inflation?; Sarah Anwar and Iyanatul Islam Part II: STRUCTURAL TRANSFORMATION AND THE DEVELOPMENT OF CAPABILITIES 5. Structure Matters: Sectoral Drivers of Development and the Labour Productivity-Employment Relationship; David Kucera and Leanne Roncolato 6. Creating Productive Capacities, Employment and Capabilities for Development: The Case of Infrastructure Investment; Irmgard Nübler and 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 Economics: A Policy Dilemma?; Massimiliano La Marca and 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 and Fares Al-Hussami