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Remarks at the Central Bank of Argentina, Buenos Aires, April 19, 2006 ; "My business contacts talk and act as if the … globalization now under way will bring another decade of intense competition. This hothouse will enable--perhaps even force …
Persistent link: https://www.econbiz.de/10010726009
Argentina’s GDP per working age person in 2003 was about the same as it was twenty years earlier and around fifteen … step towards that understanding. To that effect, we examine Argentina’s recent growth experience, which includes two deep …
Persistent link: https://www.econbiz.de/10005368122
assumption that labor markets are segmented. In this paper, we evaluate this premise with data from Argentina's permanent … Argentina's labor laws. We find that average wages are significantly higher in the formal sector than in the informal sector. We … in Argentina cannot be rejected. The paper also provides a list of facts with which a satisfactory theory of informality …
Persistent link: https://www.econbiz.de/10005368125
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Much empirical work has documented a negative correlation between different measures of globalization or openness and …
Persistent link: https://www.econbiz.de/10005367952
Greater openness has become an almost universal feature of modern, developed economies. This paper develops a workhorse international model, and explores the role of standard monetary policy rules applied to an open economy. For this purpose, I build a two-country DSGE model with monopolistic...
Persistent link: https://www.econbiz.de/10005367953
The aim of this paper is to evaluate the impact of globalization, if any, on inflation and the inflation process. We … concluded that globalization has had no significant impact, this paper highlights that trying to capture globalization effects … trade volume statistics to properly describe the impact of globalization. This leads us to adopt a more systematic approach …
Persistent link: https://www.econbiz.de/10005367957
This paper re-examines the ability of sticky-price models to generate volatile and persistent real exchange rates. We use a DSGE framework with pricing-to-market akin to those in Chari, et al. (2002) and Steinsson (2008) to illustrate the link between real exchange rate dynamics and what the...
Persistent link: https://www.econbiz.de/10005367958