Bathia, Deven; Demirer, Riza; Gupta, Rangan; Kotze, Kevin - 2021
testing methodology that accounts for the nonlinearity and structural breaks. Using unemployment fluctuations as a proxy for … unemployment fluctuations reflects the effect of exchange rate volatility on corporate investment decisions, which in turn, drives … causality in the direction of exchange rates from unemployment possibly reflects the signals regarding monetary policy actions …