Capital mobility and unemployment dynamics: evidence from a panel of OECD countries

We use a panel of 20 OECD countries over a 30-year period to estimate the implications of international capital mobility for unemployment. We find that the increase in capital flows since the mid1980s has contributed to an amplification of the impulse response of unemployment to country-specific shocks and to a fall in the persistence of unemployment in response to the same shocks.

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Year of publication:	2005-04
Authors:	Vallanti, Giovanna
Institutions:	London School of Economics (LSE)
Subject:	unemployment persistence \| unemployment volatility \| international capital flows \| OECD countries

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Extent:	application/pdf
Series:	LSE Research Online Documents on Economics.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series CEPDP, 684 44 pages
Classification:	F15 - Economic Integration ; E24 - Employment; Unemployment; Wages ; E32 - Business Fluctuations; Cycles ; F21 - International Investment; Long-Term Capital Movements
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010746365