01866cas a2200265 a 4500 AALejournalIMF011360 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463923341 1018-5941 BD-DhAAL BD-DhAAL Ball, Laurence. Unemployment in Latin America and the Caribbean / Laurence Ball, Nicolas de Roux Uribe, Marc Hofstetter. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (37 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students JEL Cl This study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores the determinants of unemployment. We compare different countries, finding that unemployment is influenced by the size of the rural population and that the effects of government regulations are generally weak. We also examine large, persistent increases in unemployment over time, finding that they are caused by contractions in aggregate demand. These demand contractions result from either disinflationary monetary policy or the defense of an exchange - rate peg in the face of capital flight. Our evidence supports hysteresis theories in which short - run changes in unemployment influence the natural rate. Mode of access: Internet Hofstetter, Marc. Roux Uribe, Nicolas de. IMF Working Papers; Working Paper ; No. 2011/252 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/252/001.2011.issue-252-en.xml IMF e-Library