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Terms of Trade Disturbances, Real Exchange Rates, and Welfare : The Role of Capital Controls and Labor Market Distortions
International Monetary Fund - 1989
Many arguments that have been advanced in favor of maintaining capital controls within the EC have not paid sufficient attention to the welfare consequences of this type of market intervention. Our paper provides a simple, optimizing framework in which the welfare consequences of capital...
Persistent link: https://www.econbiz.de/10014396039
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Deviations of Exchange Rates From Purchasing Power Parity : A Story Featuring Two Monetary Unions
MacDonald, Ronald - 1998
We examine the mean-reverting properties of real exchange rates, by comparing the unit root properties of a group of international real exchange rates with two groups of intra-national real exchange rates. Strikingly, we find that while the international real rates taken as a group appear...
Persistent link: https://www.econbiz.de/10014400558
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FEERs and Uncertainty : Confidence Intervals for the Fundamental Equilibrium Exchange Rate of the Canadian Dollar
Kramer, Charles Frederick - 1996
confidence intervals for the FEER. This paper calculates such confidence intervals with data for Canada, under a variety of …
Persistent link: https://www.econbiz.de/10014396237
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What Do We Know About Namibia's Competitiveness
Miyajima, Ken - 2007
This paper evaluates Namibia''s competitiveness using several traditional indicators; it concludes that, while the real effective exchange rate (REER) is in equilibrium at present?suggesting no imminent need for concern?the country may wish to improve its competitiveness by increasing...
Persistent link: https://www.econbiz.de/10014400324
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Labor Market Adjustment in Canada and the United States
Thomas, Alun H. - 1997
mechanisms in Canada and the United States and also examines the effects of the unemployment insurance (UI) system on labor … wage responses in Canada relative to the United States. Although overall UI generosity has increased aggregate unemployment … persistence in Canada, the endogenous component of UI has affected unemployment persistence only marginally. The lower degree of …
Persistent link: https://www.econbiz.de/10014401211
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Shocking Aspects of Canadian Labor Markets
Sutton, Bennett - 2006
using macroeconomic data on employment, unemployment, participation, and (for Canada) migration and real wages. We find that … area countries. Within Canada, the results indicate that labor markets in Ontario and provinces further west are more …
Persistent link: https://www.econbiz.de/10014402300
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Labor Market Aspects of Industrial Restructuring in Canada
Prasad, Eswar - 1993
and nature of industrial restructuring in Canada. The implications of industrial restructuring for the medium- and long …
Persistent link: https://www.econbiz.de/10014398108
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The Canadian Labor Market : Developments, Prospects, and Policy
Prasad, Eswar - 1994
This paper examines recent developments in the Canadian labor market. Using disaggregated labor market data, various hypotheses concerning the slow employment growth and rise in unemployment since 1990 are evaluated. The analysis indicates that a large part of the recent rise in the unemployment...
Persistent link: https://www.econbiz.de/10014398109
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Real exchange rate overshooting in large depreciations : determinants and consequences
Culiuc, Alexander - 2020
The consequences of large depreciations on economic activity depend on the relative strength of the contractionary balance sheet and expansionary expenditure switching effects. However, the two operate over different time horizons: the balance sheet effect hits almost immediately, while...
Persistent link: https://www.econbiz.de/10012251364
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Real exchange rates, economic complexity, and investment
Brito, Steve; Magud, Nicolas; Sosa, Sebastián - 2018
We show that the response of firm-level investment to real exchange rate movements varies depending on the production structure of the economy. Firms in advanced economies and in emerging Asia increase investment when the domestic currency weakens, in line with the traditional Mundell-Fleming...
Persistent link: https://www.econbiz.de/10011852645