In this paper, we explore empirically the role of openness, technology and labour marketrigidity in the determination of the effect of the exchange rate on employment in Portugal. Wedevelop an index that allows us to measure labour market flexibility at the sector level. Thisindex shows that...

There is increasing evidence that the interaction between shocks and labour marketinstitutions is crucial to understanding the dynamics of employment. In this paper, we showthat the inclusion of labour adjustment costs in a trade model affects the impact of exchangerate movements on employment....

Real exchange rate movements are important drivers of the reallocation of resourcesbetween sectors of the economy. Economic theory suggests that the impact of exchangerates should vary with the degree of exposure to international competition and with thetechnology level. This paper contributes...

Real exchange rate movements are important drivers of the reallocation of resources between sectors of the economy. Economic theory suggests that the impact of exchange rates should vary with the degree of exposure to international competition and with the technology level. This paper...

There is increasing evidence that the interaction between shocks and labour market institutions is crucial to understanding the dynamics of employment. In this paper, we show that the inclusion of labour adjustment costs in a trade model affects the impact of exchange rate movements on...

In this paper, we explore empirically the role of openness, technology and labour market rigidity in the determination of the effect of the exchange rate on employment in Portugal. We develop an index that allows us to measure labour market flexibility at the sector level. This index shows that...

The role of the accumulation of human capital to per capita income growth has been sharply debated among economists and policy makers. One open question of this debate is how to measure human capital. The standard approach is to use the average years of education of the labour force or the...