Alexandre, Fernando; Bação, Pedro; Cerejeira, João; … - Institut zur Zukunft der Arbeit <Bonn> - 2010
understanding the dynamics of employment. In this paper, we showthat the inclusion of labour adjustment costs in a trade model … affects the impact of exchangerate movements on employment. We also explore how labour market rigidities interact withthe … estimates obtained using panel data for 23 OECDcountries. Namely, our estimates suggest that employment in low …