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.
|Place of Publication||Bath, U. K.|
|Publisher||Department of Economics, University of Bath|
|Publication status||Published - 2011|
|Name||Bath Economics Research Working Papers|
- exchange rate volatility