01662cas a2200241 a 4500 AALejournalIMF010551 230101c9999 xx r poo 0 0eng d 15.00 USD 9781451947229 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff papers : Volume 43 No. 2. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (208 pages) IMF Staff Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on the flexibility of the labor market and the evidence regarding the wage and employment effects of trade reform are discussed next. The last part of the paper identifies a variety of issues that may require further investigation. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 1996/002 Full text available on IMF http://elibrary.imf.org/view/journals/024/1996/002/024.1996.issue-002-en.xml IMF e-Library