Technological Progress, the Real Exchange Rate, and the Natural Rate of Unemployment

M.P. Moore

Working Papers from California Irvine - School of Social Sciences

Abstract: This paper relates two canonical issues in macroeconomics: the effect of technological progress on the real exchange rate and the effect of technological progress on the natural rate of unemployment. In the context of a Ricardian model with traded and nontraded goods, I show that technological progress in tradables an nontradables can have dramatically different effects on unemployment rates, depending upon the structure of wage bargaining.

Keywords: TECHNOLOGY; EXCHANGE RATE; UNEMPLOYMENT (search for similar items in EconPapers)
JEL-codes: E24 F16 J64 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:fth:calirv:00-03

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