School of Economics, Anhui University of Finance and Economics, Anhui Bengbu, 233000
Stabilizing employment is the first of the "six stability" policies. Under the complex and volatile background of the current international economic situation, this article uses a nonlinear smooth conversion regression model to study the impact of the RMB exchange rate level and uncertainty (volatility) on employment in my country. Research shows that the RMB exchange rate level and its fluctuations have a nonlinear effect on the overall employment in my country, showing a segmented feature. The impact of the RMB exchange rate on employment growth is rapidly changing between linear and nonlinear; the RMB exchange rate level and its volatility the impact on employment is closely related to the fluctuation of RMB exchange rate. With the increase of RMB exchange rate volatility, the non-linear impact of RMB exchange rate and its volatility on employment in our country is very significant.
RMB exchange rate; Exchange rate fluctuation; Employment; Nonlinearity
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