 | Employment Protection and Business Cycles in Emerging Economies Author/Editor: Ruy Lama, Carlos Urrutia. Release Date:December, 2011 We build a small open economy, real business cycle model with labor market frictions to evaluate the role of employment protection in shaping business cycles in emerging economies. The model features more...
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| Financial Liberalization, Structural Change, and Real Exchange Rate Appreciations Author/Editor: Felipe Meza, Carlos Urrutia. Release Date:March, 2010 We account for the appreciation of the real exchange rate in Mexico between 1988 and 2002 using a two sector dynamic general equilibrium model of a small open economy with two driving forces: (i) more...
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