Mishra, Prachi; Spilimbergo, Antonio - 2009
We analyze how the pass-through from exchange rate to domestic wages depends on the degree of integration between … domestic and foreign labor markets. Using data from 66 countries over the period 1981-2005, we find that the elasticity of … domestic wages to real exchange rate is 0.1 after a year for countries with high barriers to external labor mobility, but about …