Summary Fall 1998

In this issue, a new Working Paper by Research Associates William J. Baumol and Edward N. Wolff finds a relationship between accelerating technological change and increased duration of unemployment.

Contents: Speed of Technical Progress and Length of the Average Interjob Period · “Inability to Be Self-reliant” as an Indicator of Poverty · Symposium: Is There a Shortage of Information Technology Workers? · Derivatives and Global Capital Flows: Application to Asia · Long-Term Determinants of Real Exchange Rates · The Macroeconomics of Industrial Strategy