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dc.contributor.authorBall, Laurenceen_US
dc.contributor.authorRoux, Nicolás deen_US
dc.contributor.authorHofstetter, Marcen_US
dc.date.accessioned2011-07-25en_US
dc.date.accessioned2011-09-27T15:21:13Z-
dc.date.available2011-09-27T15:21:13Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/49878-
dc.description.abstractThis study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores the determinants of unemployment. We compare different countries, finding that unemployment is influenced by the size of the rural population and that the effects of government regulations are generally weak. We also examine large, persistent increases in unemployment over time, finding that they are caused by contractions in aggregate demand. These demand contractions result from either disinflationary monetary policy or the defense of an exchange-rate peg in the face of capital flight. Our evidence supports hysteresis theories in which short-run changes in unemployment influence the natural rate.en_US
dc.language.isoengen_US
dc.publisherJohns Hopkins Univ., Dep. of Economics Baltimore, Md.en_US
dc.relation.ispartofseriesWorking papers // the Johns Hopkins University, Department of Economics 582en_US
dc.subject.ddc330en_US
dc.titleUnemployment in Latin America and the Caribbeanen_US
dc.typeWorking Paperen_US
dc.identifier.ppn664753337en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Papers, Department of Economics, The Johns Hopkins University

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