Castrén, Olli (contributor); Takalo, Tuomas (contributor); … - 2004
WORKING PAPER SERIES
NO. 406 / NOVEMBER 2004
LABOUR MARKET
REFORM AND THE
SUSTAINABILITY
OF EXCHANGE
RATE PEGS
by … banknote.
WORKING PAPER SERIES
NO. 406 / NOVEMBER 2004
LABOUR MARKET
REFORM AND THE
SUSTAINABILITY
OF EXCHANGE
RATE PEGS
1 …. Stability of exchange rate peg in the
presence of unemployment persistence 20
5. Two illustrative applications 25
6. Conclusions …