The unemployment effect of exchange rate volatility in industrial countries

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11 Citations (Scopus)

Abstract

Using data on 17 industrial countries from 1982 to 2003 and controlling for a wide array of factors, this paper finds that higher exchange rate volatility increases the unemployment rate. The magnitude of the effect is small. The results are robust to variations in specification.
Original languageEnglish
Pages (from-to)268-271
Number of pages4
JournalEconomics Letters
Volume111
Issue number3
DOIs
Publication statusPublished - 2011

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