Exchange rate uncertainty and employment: An algorithm describing `play' (Q2739984)
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scientific article; zbMATH DE number 1646424
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Exchange rate uncertainty and employment: An algorithm describing `play' |
scientific article; zbMATH DE number 1646424 |
Statements
16 September 2001
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play hysteresis
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exchange rate
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uncertainty
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employment
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switching regression
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Exchange rate uncertainty and employment: An algorithm describing `play' (English)
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The authors study the influence of the exchange rate uncertainty on the relationship between macroeconomic labor market variables. The non-linear dynamics resulting from implications of uncertainty on the shape and the location of the macro hysteresis loop and simple linear approximation of the macroeconomic play-dynamics are considered. The authors develop an algorithm describing linear play hysteresis and implement it into a regression framework. As an application, the exchange rate impacts on German employment under consideration of play effects are analyzed.
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