Exchange rate policy when the labour market exhibits hysteresis
|Title:||Exchange rate policy when the labour market exhibits hysteresis||Authors:||Barry, Frank||Permanent link:||http://hdl.handle.net/10197/1758||Date:||Aug-1994||Online since:||2010-01-13T16:48:25Z||Abstract:||This paper analyzes the effects of exchange rate shocks in a small open economy whose labor market exhibits hysteresis. The model is used to highlight deficiencies in the response of the Irish authorities to exchange rate crisis of 1992/93. A secondary purpose of the paper, though, is to induce those who accept that the Irish labour market is characterised by hysteresis but who reject the argument made here that a more aggressive devaluation should have been pursued, to spell out the labour-market model upon which their policy prescriptions are based.||Item notes:||A hard copy is available in UCD Library at GEN 330.08 IR/UNI||Type of material:||Working Paper||Publisher:||University College Dublin. School of Economics||Series/Report no.:||UCD Centre for Economic Research Working Paper Series; WP94/14||Subject LCSH:||Foreign exchange rates
|Language:||en||Status of Item:||Not peer reviewed|
|Appears in Collections:||Economics Working Papers & Policy Papers|
Show full item record
Page view(s) 5077
This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.