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.

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Year of publication:	2012
Authors:	Ran, Jimmy ; Zhou, Youqing
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 117.2012, 1, p. 131-133
Publisher:	Elsevier
Subject:	Exchange rate \| Unemployment \| Transmission effect

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Type of publication:	Article
Classification:	F31 - Foreign Exchange ; J6 - Mobility, Unemployment, and Vacancies
Source:	RePEc - Research Papers in Economics

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