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Sectorial Wages and the Real Exchange Rate

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NBER1986-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1801
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Consider a multi-sector economy subject to an exogenous demand shock that alters the equilibrium structure of relative prices. How should the structure of sectorial wages adjust in response to such a shock? This question is addressed in the context of a multi-sector model of an open-economy
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1986-01-01
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