This requires meaningful engagement on the key issues such as: •  how can different national policies, including exchange rate regimes, be made to coexist within the international system? •  what are the respective responsibilities of the various nations to foster that compatibility?
In part, creating jobs is about raising the level of economic growth. However, it is also about addressing the structural factors that limit employment growth. My address today will try to give you a sense of how central banks think about employment and how they factor employment issues into their reaction function. I will also explore broader structural and cyclical factors relating to employment.