Title

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

Document Type

Journal article

Source Publication

Economics Letters

Publication Date

10-1-2012

Volume

117

Issue

1

First Page

131

Last Page

133

Keywords

Exchange rate, Transmission effect, Unemployment

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.

DOI

10.1016/j.econlet.2012.04.096

Print ISSN

01651765

E-ISSN

18737374

Publisher Statement

Copyright © 2012 Elsevier B.V.

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Full-text Version

Publisher’s Version

Recommended Citation

Ran, J., & Zhou, Y. (2012). Transmitted unemployment under the linked exchange rate system: Evidence from Hong Kong. Economics Letters, 117(1), 131-133. doi: 10.1016/j.econlet.2012.04.096