Pegs downward wage rigidity and unemployment: the role of financial structure

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dc.contributor.authorSchmitt-Grohé, Stephanie
dc.contributor.authorUribe, Martín
dc.date.accessioned2019-11-01T00:06:29Z
dc.date.available2019-11-01T00:06:29Z
dc.date.issued2014
dc.descriptionA characteristic of the current crisis in Europe is that countries in its periphery have found themselves increasingly cut off from international financial markets. In the present study we ask how such changes in the financial structure influence the welfare consequences of maintaining a fixed exchange rate regime. We address this issue in the context of a dynamic model of an emerging economy with involuntary unemployment developed in an earlier paper (Schmitt-Grohé and Uribe 2011).
dc.file.nameBCCh-sbc-v18-p069_095
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 69-95
dc.identifier.isbn978-956-7421-43-5
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3893
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking Analysis and Economic Policies no. 18
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectSALARIOSes_ES
dc.subjectDESEMPLEOes_ES
dc.subjectCRISIS FINANCIERAes_ES
dc.subjectMERCADO FINANCIEROes_ES
dc.subjectTIPO DE CAMBIOes_ES
dc.titlePegs downward wage rigidity and unemployment: the role of financial structure
dc.type.docArtículo

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