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HOW DID EXCHANGE RATES AFFECT EMPLOYMENT IN U.S. CITIES?

We estimate the effects of exchange rate on U.S. employment, exploiting differences in industrial composition across major cities. We find that a 1% depreciation of export-weighted real exchange rate has a positive 0.98% direct effect on manufacturing employment. Its indirect effect on local nonmanu...

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Published in:Contemporary Economic Policy Vol. 34; no. 4; pp. 678 - 698
Main Authors: Huang, Haifang, Tang, Yao
Format: Article
Published: Wiley-Blackwell Oct2016
Subjects:
United States
Unemployment
Manufacturing industries
Externalities
Employment
Foreign exchange rates
Depreciation
Online Access:View this record in EBSCOhost

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