Transmitted unemployment under the linked exchange rate system: Evidence from Hong Kong

Jimmy Ran and Youqing Zhou

Economics Letters, 2012, vol. 117, issue 1, 131-133

Abstract: This paper explores a link between exchange rate and unemployment at the aggregate level. We find that 1% increase in the US unemployment rate transmits, on average, 0.53% increase in Hong Kong unemployment under the linked exchange rate system.

Keywords: Exchange rate; Unemployment; Transmission effect (search for similar items in EconPapers)
JEL-codes: F31 J6 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:1:p:131-133

DOI: 10.1016/j.econlet.2012.04.096

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