Skip to main content
Article
Transmitted unemployment under the linked exchange rate system : evidence from Hong Kong
Economics Letters
  • Jimmy RAN, Lingnan University, Hong Kong
  • Youqing ZHOU, Central University of Finance and Economics, China
Document Type
Journal article
Publication Date
10-1-2012
Keywords
  • Exchange rate,
  • Transmission effect,
  • Unemployment
Disciplines
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
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
Citation Information
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