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

Jimmy RAN; Youqing ZHOU

doi:10.1016/j.econlet.2012.04.096

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

Jimmy RAN, Youqing ZHOU

Department of Economics

Research output: Journal Publications › Journal Article (refereed) › peer-review

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 language	English
Pages (from-to)	131-133
Number of pages	3
Journal	Economics Letters
Volume	117
Issue number	1
DOIs	https://doi.org/10.1016/j.econlet.2012.04.096
Publication status	Published - 1 Oct 2012

Keywords

Exchange rate
Transmission effect
Unemployment

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.econlet.2012.04.096

Cite this

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title = "Transmitted unemployment under the linked exchange rate system : evidence from Hong Kong",

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, Transmission effect, Unemployment",

author = "Jimmy RAN and Youqing ZHOU",

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AU - ZHOU, Youqing

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AB - 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.

KW - Exchange rate

KW - Transmission effect

KW - Unemployment

UR - http://commons.ln.edu.hk/sw_master/2284

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DO - 10.1016/j.econlet.2012.04.096

M3 - Journal Article (refereed)

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SP - 131

EP - 133

JO - Economics Letters

JF - Economics Letters

IS - 1

ER -

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

Abstract

Keywords

UN SDGs

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