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

Author

Listed:
  • Albrieu, Ramiro

    (CEDES)

  • Bernat, Gonzalo

    (Fundación CREAR)

  • Corso, Eduardo

    (Banco Central de la República Argentina y Universidad de Buenos Aires)

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.

Suggested Citation

  • Albrieu, Ramiro & Bernat, Gonzalo & Corso, Eduardo, 2009. "Post- devaluation dynamics of the labor market. A segmented- markets approach," Revista de Economía Política de Buenos Aires, Universidad de Buenos Aires. Facultad de Ciencias Económicas., issue 5-6, pages 7-31, December.
  • Handle: RePEc:ake:repba1:y:2009:i:5-6:p:7-31
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    Keywords

    labor market; Post- devaluation dynamics;

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