AJUSTE A LA CRISIS Y MERCADO LABORAL (PERú 2008-2010)

The present paper analyses the adjustment of the Peruvian economy to the external shock caused by the global crisis in 2008-2010, with particular attention to: i) the macroeconomic policies adopted to face the external shock; ii) the consequences of the adjustment for the labor market; iii) the importance of the high rates of economic growth recorded by Peru before the crisis in obtaining a soft adjustment to the external shock; iv) the reasons that explained why the Peruvian economy does not suffer a recession and only decelerates growth, which allow us to understand why the adjustment to the external shock does not have a negative effect on the labor market – as a matter of fact there is a reduction of the unemployment rate during the crisis.