IDEAS home Printed from
   My bibliography  Save this article

Le rapport entre taux de change et niveau d'emploi en Argentine. Une révision de l'explication structuraliste


  • Saúl Keifman


Born of the 1960s structuralist macroeconomy, the theory of recessive devaluation has since been abandoned by many of its former defenders. This article proposes to review its present-day import. It formulates different models regarding the relation between exchange rates and employment, short-term macroeconomic models, taking up structuralist presuppositions on employees’ consumer behaviour and the hypothesis of the commodity « salary » as sole export commodity. The possibility is thus demonstrated that the exchange rate/employment relation has the form of an inverted ‘U’ and that it is sensitive to a tariff policy. Consequently, devaluations will be either recessive or expansive depending on exchange rate levels and tariff protection.

Suggested Citation

  • Saúl Keifman, 2007. "Le rapport entre taux de change et niveau d'emploi en Argentine. Une révision de l'explication structuraliste," Revue Tiers-Monde, Armand Colin, vol. 0(1), pages 93-112.
  • Handle: RePEc:cai:rtmarc:rtm_189_0093

    Download full text from publisher

    File URL:
    Download Restriction: free

    File URL:
    Download Restriction: free

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:rtmarc:rtm_189_0093. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.