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

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. ► Interactions between two Phillips Curves of two coun...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Economics letters 2012-10, Vol.117 (1), p.131-133
Hauptverfasser:	Ran, Jimmy, Zhou, Youqing
Format:	Artikel
Sprache:	eng
Schlagworte:	Correlation analysis Economic models Evidence Exchange market Exchange rate Exchange rates Foreign exchange rates Hong Kong Studies Transmission effect U.S.A Unemployment
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!