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Commodity prices and labour market dynamics in small open economies

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Figure

Fig. 1. Response to commodity price shock in the model and the PVAR. Note: Fitted impulse responses of the baseline model (solid red) versus the PVAR estimates (solid black) and its 90%confidence bands (grey shaded area)
Table 1
Fig. 2. Sectoral labournon-commodity sector to a one-standard-deviation increase in the commodity price shock each scaled by their shares in total employment; both employment measures are includedas observables in the PVAR
Table 2
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