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Using household level data for France from 1990 to 2000, we estimate a relationship between wages and unemployment … large between 1996 and 2000 and undoubtedly contributed strongly to the exceptional employment performance during that …
Persistent link: https://www.econbiz.de/10005768837
We propose a theory of low-frequency movements in unemployment based on asymmetric real wage rigidities. The theory … generates two main predictions: long-run unemployment increases with (i) a fall in long-run productivity growth and (ii) a rise …-run unemployment over the 1980s and its rise during the late 2000s. …
Persistent link: https://www.econbiz.de/10008727811
This paper studies the role of an increase in foreign exchange reserves in reducing currency volatility for emerging market countries. The study employs a panel of 28 countries over the period 1986-2002. Several control variables are introduced in the regressions to account for other factors...
Persistent link: https://www.econbiz.de/10005825686