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

Jimmy RAN, Youqing ZHOU

Research output: Journal PublicationsJournal Article (refereed)

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.
Original languageEnglish
Pages (from-to)131-133
Number of pages3
JournalEconomics Letters
Volume117
Issue number1
DOIs
Publication statusPublished - 1 Oct 2012

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Keywords

  • Exchange rate
  • Transmission effect
  • Unemployment

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