from household survey data. We find considerably more wage rigidity than previous estimates obtained for Mexico using data …

inflation and depreciation rates. We use a first-generation type model of speculative attacks which has four key features: (i … the crises; (iii) a portion of the government's liabilities are not indexed to inflation; and (iv) there are nontradable … account for the high rates of devaluation and moderate rates of inflation often observed in the wake of currency crises. We …

Inflation persists at moderate rates of 15-30 percent in all the countries that successfully reduced triple digit … inflations in the 1980s. Several other countries, for example Colombia, have experienced moderate inflation for prolonged periods …. In this paper we first set out theories of persistent inflation, which can be classified into those emphasizing …

variation in labor taxes and minimum wages faced by exporting firms engaged in a large European trade program. Firms from … different payroll taxes and minimum wages. These rules varied across countries, sectors, and over time. Reduced-form country … case-studies as well as model-implied gravity estimates show evidence of large trade responses to lower labor taxes and …