Targeting Employment Expansion, Economic Growth and Development in Sub-Saharan Africa: Outlines of an Alternative Economic Programme for the Region

This paper outlines the elements of a development-targeted economic framework aimed at creating decent employment opportunities as a strategy for realizing core human development goals in Africa. Four policy areas form the core of the paper: monetary policy and inflation, exchange rate policy, development finance and financial sector reforms, and public investment and fiscal policy. This paper draws heavily on three large UNDP-sponsored studies of employment-oriented economic policies in Kenya, Ghana, and South Africa. The paper aims to discuss the elements of an alternative, development-targeted economic framework for African countries in general and, in doing so, the analysis draws on examples, research, and statistics from a wide range of countries.Africa, macroeconomics, employment, finance, exchange rates, inflation.

Considerations on Interest Rate Exogeneity

The idea of an exogenous money supply—controlled entirely through centralbank interventions—was a fundamental tenet of monetarism and New Classical economics. Post Keynesians have developed an extensive literature arguing that the money supply is in fact endogenous—that market forces combine with central banks in establishing the money supply.But Post Keynesians disagree on a related question: to what extent are interest rates set exogenously by central banks? To address this issue, this paper presents evidence regarding the movement of market interest rates in U.S. financial markets relative to the Federal Reserve-controlled Federal Funds rate. Concluding that market interest rates are primarily set through market forces—i.e. are largely endogenous—the paper then discusses the primary source of interest rate endogeneity. This is the instability of deregulated financial markets, which leads market participants to make wide swings in their risk assessments over time. It follows that effective regulatory policies to stabilize markets and control interest rates directly will increase the degree of interest rate exogeneity. The paper concludes with proposals for establishing greater control over market interest rates.

Building a Green Economy: Employment Effects of Green Energy Investments for Ontario

In this study of Ontario’s green economy, Robert Pollin and Heidi Garrett-Peltier present an approach to realistically estimate the employment effects of green investments in Ontario. They focus on two alternative investment scenarios for the province: a baseline program of $18.6 billion invested in conservation and demand management; hydroelectric power; on-shore wind power; bioenergy; waste energy recycling; and solar power over 10 years, and a more ambitious$47.1 billion 10-year investment program, also investing in off-shore wind power and a smart grid electrical transmission system. They describe the jobs created by these strategies, and recommend ways for the province to maximize the quantity and quality of those jobs.

The U.S. Employment Effects of Military and Domestic Spending Priorities: An Updated Analysis

In this study, produced in collaboration with the Institute for Policy Studies, Robert Pollin and Heidi Garrett-Peltier update their earlier analysis of the relative employment impacts of public investment in military versus other priorities, expanding their analysis to include clean energy investments and induced job creation. The authors compare the effects of a $1 billion military investment military and the same investment in clean energy, health care, education, or individual tax cuts. They show that non-military investments create a much larger number of jobs across all pay ranges. With a large share of the federal budget at stake, Pollin and Garrett-Peltier make a strong case that non-military spending priorities can create significantly greater opportunities for decent employment throughout the U.S. economy than spending the same amount of funds with the military. ��� >> Women's Action for New Directions and the Institute for Policy Studies have produced a short fact sheet based on the findings from this report.�

Localization in Long-range Ultra Narrow Band IoT Networks using RSSI

Internet of things wireless networking with long range, low power and low throughput is raising as a new paradigm enabling to connect trillions of devices efficiently. In such networks with low power and bandwidth devices, localization becomes more challenging. In this work we take a closer look at the underlying aspects of received signal strength indicator (RSSI) based localization in UNB long-range IoT networks such as Sigfox. Firstly, the RSSI has been used for fingerprinting localization where RSSI measurements of GPS anchor nodes have been used as landmarks to classify other nodes into one of the GPS nodes classes. Through measurements we show that a location classification accuracy of 100% is achieved when the classes of nodes are isolated. When classes are approaching each other, our measurements show that we can still achieve an accuracy of 85%. Furthermore, when the density of the GPS nodes is increasing, we can rely on peer-to-peer triangulation and thus improve the possibility of localizing nodes with an error less than 20m from 20% to more than 60% of the nodes in our measurement scenario. 90% of the nodes is localized with an error of less than 50m in our experiment with non-optimized anchor node locations.Comment: Accepted in ICC 17. To be presented in IEEE International Conference on Communications (ICC), Paris, France, 201