El tipo de cambio real en una economía dependiente:tecnología, preferencias y estructura de mercado
- Ledo Turiel, María Teresa
- Peruga Urrea, Rodrigo
ISSN: 2341-2356
Any de publicació: 1997
Número: 3
Pàgines: 1-42
Tipus: Document de treball
Altres publicacions en: Documentos de Trabajo (ICAE)
Resum
This paper examines the role played by supply and demand side factors, and the market structure, in generating dual inflation. We develop a static general equilibrium model for a small open economy with two sectors, traded and nontraded goods. where it is possible to caracterize different degrees of competition in the labor and goods markets. Results indicate that wage rigidity plays an important role in generating dual inflation in the short-run. However, in the long-run, changes in the degree of competition in the non traded sector play a more substancial role.