TY - BOOK ID - 84659241 TI - Unemployment in Latin America and the Caribbean AU - Ball, Laurence AU - Roux Uribe, Nicolás de AU - Hofstetter, Marc PY - 2011 SN - 1463978987 146397373X PB - Washington, DC : International Monetary Fund, DB - UniCat KW - Unemployment--Latin America--Econometric models. KW - Unemployment--Econometric models. KW - Caribbean Area. KW - Exports and Imports KW - Labor KW - Taxation KW - Employment KW - Unemployment KW - Wages KW - Intergenerational Income Distribution KW - Aggregate Human Capital KW - Aggregate Labor Productivity KW - Monetary Policy KW - Open Economy Macroeconomics KW - Mobility, Unemployment, and Vacancies: General KW - Unemployment: Models, Duration, Incidence, and Job Search KW - International Investment KW - Long-term Capital Movements KW - Personal Income and Other Nonbusiness Taxes and Subsidies KW - Demand and Supply of Labor: General KW - Labour KW - income economics KW - International economics KW - Welfare & benefit systems KW - Unemployment rate KW - Capital outflows KW - Social security contributions KW - Labor markets KW - Balance of payments KW - Taxes KW - Capital movements KW - Social security KW - Labor market KW - Argentina KW - Unemployment. UR - https://www.unicat.be/uniCat?func=search&query=sysid:84659241 AB - 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. ER -