| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP8906
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| DP8906 Bilateral Exchange Rates and Jobs |
| Joseph Francois; Eddy Bekkers
|
| 发表日期 | 2012-03-01
|
| 出版年 | 2012
|
| 语种 | 英语
|
| 摘要 | We study the labor market effects of bilateral exchange rate realignment. We place emphasis on the composition of trade, the role of in- termediates, and the underlying conditions of the labor market. Employment effects hinge on the fraction exported to and imported from the trading partner. A larger fraction exported to and a smaller fraction imported from the trading partner make it more likely that appreciation has beneficial effects. Furthermore, more sticky price expectations in wage formation, a smaller fraction of intermediates in the production process, and a lower rate of importer pass through make it more likely that appreciation of the exchange rate of the trade partner has positive employment effects. At a more technical level, the scope for substitution away from higher priced inputs, either toward other sources of supply, or toward value added, is also important to the direction and magnitude of changes in employment. |
| 主题 | International Trade and Regional Economics
|
| 关键词 | Bilateral exchange rates
Devaluation
Exchange rates and trade
Trade and employment
|
| URL | https://cepr.org/publications/dp8906
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537736
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推荐引用方式
GB/T 7714 |
Joseph Francois,Eddy Bekkers. DP8906 Bilateral Exchange Rates and Jobs. 2012.
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