Coulibaly, Dramane; Bénassy-Quéré, Agnès - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2013
We study the contribution of market regulations in the dynamics of the real exchange rate within the European Union. Based on a model proposed by De Gregorio et al. (1994a), we show that both product market regulations in nontradable sectors and employment protection tend to inflate the real...