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

A 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 excha...

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Autores principales: Schmitt-Grohé, Stephanie, Uribe, Martín
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3893
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