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• W2155890464 abstract "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 nonmanufacturing employment rises with the size of the local manufacturing sector, consistent with the hypothesis that there exists a local spillover from the tradable to the nontradable sector. In cities with heavy concentration of manufacturing employment, the indirect effect is statistically significant and about 60% as large as the direct effect measured by the number of jobs. (JEL F3, F1, J2)" @default.
• W2155890464 created "2016-06-24" @default.
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• W2155890464 date "2015-12-16" @default.
• W2155890464 modified "2023-09-25" @default.
• W2155890464 title "HOW DID EXCHANGE RATES AFFECT EMPLOYMENT IN U.S. CITIES?" @default.
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• W2155890464 doi "https://doi.org/10.1111/coep.12159" @default.
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