Hidden Bibliographic Details
| Other authors / contributors: | Roux Uribe, Nicolás de, author.
Hofstetter, Marc, author.
International Monetary Fund. Research Department, issuing body.
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| ISBN: | 9781463973735
146397373X
1463940939
9781463940935
1463923341
9781463923341
9781463923341
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| Notes: | At head of title: Research.
Title from PDF title page (IMF, viewed Nov. 21, 2011).
"November 2011."
Includes bibliographical references (pages 26-27).
English.
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| Summary: | This 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.
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| Other form: | Print version: Fund, International Monetary. Unemployment in Latin America and the Caribbean. Washington : International Monetary Fund, ©2011 9781463923341
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| Standard no.: | 10.5089/9781463940935.001
10.5089/9781463923341.001
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