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obtained from estimating a panel vector autoregression; a positive price shock is found to be expansionary for the components ….3% increase in unfilled vacancies. We then match the impulse responses to a commodity price shock from a small open economy model …
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panel vector autoregression; a positive price shock is found to expand the components of GDP, to cause the real exchange … then match the impulse responses to a commodity price shock from a small open economy model with net commodity exports and …
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We build an equilibrium model of a small open economy with labor market frictions and imperfectly enforced regulations. Heterogeneous firms sort into the formal or informal sector. We estimate the model using data from Brazil, and use counterfactual simulations to understand how trade affects...
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This publication focuses on business dynamics across eight countries (Belgium, Brazil, Canada, Costa Rica, Japan, New … Zealand, Norway, United Kingdom) and over time, building upon the evidence collected in the framework of the OECD DynEmp …
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