Pegs, Downward Wage Rigidity, and Unemployment: The Role of Financial Structure
收藏NBER2012-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18223
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资源简介：
This paper studies the relationship between financial structure and the welfare consequences of fixed exchange rate regimes in small open emerging economies with downward nominal wage rigidity. The paper presents two surprising results. First, a pegging economy might be better off with a closed than
提供机构：
美国国家经济研究局
创建时间：
2012-07-01
