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with and without wage rigidities. The paper then explores time series data from Argentina, Brazil, Colombia and Mexico to …
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with and without wage rigidities. The paper then explores time series data from Argentina, Brazil, Colombia and Mexico to …
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/self-employed sector sizes and the real exchange rate. Model predictions are then tested empirically for Argentina, Brazil, Colombia, and …
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Edwards and Savastano's (2000) survey identify two important limitations of the real exchange rate (RER) literature: the lack of explicit derivation of flow and stock equilibrium variables as determinants of the equilibrium RER and the failure to allow for unemployment. This paper develops a...
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Argentina over 12 years, emphasizing the recession/crisis years 1998-2002. Over "typical" years deteriorating job rates increase …
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