Alexandre, Fernando; Bação, Pedro; Cerejeira, João; … - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2010
understanding the dynamics of employment. In this paper, we show that the inclusion of labour adjustment costs in a trade model … affects the impact of exchange rate movements on employment. We also explore how labour market rigidities interact with the … with estimates obtained using panel data for 23 OECD countries. Namely, our estimates suggest that employment in low …