1 option
An International Comparison of Employment Adjustment to Exchange Rate Fluctuations / Simon Burgess, Michael M. Knetter.
- Format:
- Book
- Author/Creator:
- Burgess, Simon.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w5861.
- NBER working paper series no. w5861
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1996.
- Summary:
- This paper evaluates the response of employment to exchange rate shocks at the industry level for the G-7 countries. Using a simple empirical framework that places little a priori structure on the pattern of response to shocks, we find the data are consistent with the view that employment in European industries, at least France and Germany, is much less influenced by exchange rate shocks and much slower to adjust to long run steady states. The United States, Japan, Canada, the United Kingdom and Italy all appear to adjust more quickly. German and Japanese employment are quite insensitive to exchange rate fluctuations, consistent with previous research on output and markup responses to exchange rates.
- Notes:
- Print version record
- December 1996.
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