Post- devaluation dynamics of the labor market. A segmented- markets approach

Ramiro Albrieu, Gonzalo Bernat and Eduardo Corso
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Ramiro Albrieu: CEDES
Gonzalo Bernat: Fundación CREAR
Eduardo Corso: Banco Central de la República Argentina y Universidad de Buenos Aires

Revista de Economía Política de Buenos Aires, 2009, issue 5-6, 7-31

Abstract: This paper addresses theoretical and empirical macroeconomic dynamics Argentina in 2002-2006 from a focus on interactions between the markets for goods and labor, placing primary emphasis on the latter. The paper argues as main conclusions: 1) the rise in the nominal exchange rate in a developing economy generates opposing distributional effects that operate in the short and medium term; and, 2) the ability of workers to incorporate their inflation expectations on wage bargaining depends crucially in the level of product.

Keywords: labor market; Post- devaluation dynamics (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ake:repba1:y:2009:i:5-6:p:7-31

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