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  Schmitt-Groh´e, Uribe, Woodford, “International Macroeconomics” Slides for Chapter 11: Exchange Rates and Unemployment Slides for Chapter 11:Exchange Rate Policy and Unemployment International Macroeconomics  Schmitt-Groh´e Uribe Woodford Columbia UniversityApril 28, 2018 1  International Macroeconomics, Chapter 11  Schmitt-Groh´e, Uribe, Woodford Topic: Sudden Stops and Unemployment in a Currency UnionCase Study: The Great Recession in Peripherical Europe: 2008-2011 2  International Macroeconomics, Chapter 11  Schmitt-Groh´e, Uribe, Woodford Claim:  Sudden Stops tend to be associated with less Real Depre-ciation in countries that are in a currency union or countries with afixed exchange rate than in countries with flexible exchange rates. 3  International Macroeconomics, Chapter 11  Schmitt-Groh´e, Uribe, Woodford Document the Sudden Stops in Peripherical Europe: 2000-2011 4
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