This paper uses three models of a small open economy to analyze the effects of terms of trade and exchange rate changes (i.e. devaluations) on labor market adjustment. First, a three goods (exportables...
Type de document: Document de travail départemental
Numéro du rapport: DRD334
Date du document: 30 novembre 1986
Mode de publication:
Auteur: Edwards,Sebastian,National Bureau of Economic Research,University of California