employment and the level of unemployment in a two-sector economy with a heterogenous work force. Efficiency wage considerations …

This paper examines the effect of trade reform on wages and unemployment in a two-sector, three-good economy in which …, lowers wages in all production sectors in the short and the medium run but has an ambiguous effect on unemployment. Although … employment and production of exportables expand in the medium run, the unemployment rate may rise or fall depending on whether …

This paper studies the empirical and theoretical association between the duration of a pegged exchange rate and the … past two decades have often been accompanied by crises, the cost of which increases with the duration of the peg before the …