During the seventies, Keynesianism faced the most critical decade. It was characterized by some deep critics to the "General Theory", due to the ausence of strong microfoundations and a overdimensionated importance of demand shocks over the role of supply shock in economic theory. Eighties...

We use a panel dataset on industrial employment and trade for 9 Latin American countries for which liability dollarization data at the industrial level is available. We test whether real exchange rate fluctuations have a significant impact on employment, and analyze whether the impact varies...