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.
Access to external full text or publisher's version may require subscription.
Full-text Version
Publisher’s Version
Language
English
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