Wemhöner, Frederik; DeLorme, Charles D.; Naqvi, Nadeem - In: Jahrbücher für Nationalökonomie und Statistik 214 (1995) 2, pp. 130-145
Summary We identify the non-Walrasian, fix-price, flex-quantity, temporary equilibria of a specific factors economy that has a traded and a nontraded sector. In this framework, we investigate the effects of exchange rate shocks on capacity utilization and employment of labor. We find that the...
