search query: @author Gourinchas, P-O. / total: 1
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| Author: | Gourinchas, P-O. |
| Title: | Exchange rates do matter: French job reallocation and exchange rate turbulence, 1984-1992 |
| Journal: | European Economic Review
1999 : JUN, VOL. 43:7, p. 1279-1316 |
| Index terms: | EXCHANGE RATES FRANCE EUROPE EMPLOYMENT |
| Language: | eng |
| Abstract: | The paper evaluates the impact of exchange rate fluctuations on inter- and intra-sectoral job reallocation. There is a vintage model of factor reallocation in a small open economy facing real exchange rate fluctuations developed. The paper investigates empirically the pattern of job creation and destruction in response to real exchange rate movements in France between 1984 and 1992, using disaggregated firm level data. Traded-sector industries are very responsive to real exchange rate movements. The results indicate the importance of large unanticipated changes in the real exchange rate. |
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