Exchange rate regimes and unemployment


Feldmann, H., 2013. Exchange rate regimes and unemployment. Open Economies Review, 24 (3), pp. 537-553.

Related documents:

This repository does not currently have the full-text of this item.
You may be able to access a copy if URLs are provided below. (Contact Author)

Official URL:


Using data on 78 countries over 1980 to 2008 and a host of controls, this paper finds that switching from a floating regime to a pegged or an intermediate regime is likely to substantially reduce unemployment. Using a three-way regime classification, the estimated effect of switching to a pegged (to an intermediate) regime is around two percentage points (around one percentage point) after 2 years. These results are robust to variations in both specification and three-way classification. When using a four-way classification, we find evidence that switching from a float to a hard peg is most likely to reduce unemployment.


Item Type Articles
CreatorsFeldmann, H.
DepartmentsFaculty of Humanities & Social Sciences > Economics
ID Code32079


Actions (login required)

View Item