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

Vallanti, Giovanna (2005) Capital mobility and unemployment dynamics: evidence from a panel of OECD countries. CEPDP, 684. Centre for Economic Performance, London School of Economics and Political Science, London, UK. ISBN 0753018233

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Abstract

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.

Item Type:	Monograph (Discussion Paper)
Official URL:	http://cep.lse.ac.uk
Additional Information:	© 2005 Giovanna Vallanti
Uncontrolled Keywords:	unemployment persistence, unemployment volatility, international capital flows, OECD countries
Library of Congress subject classification:	H Social Sciences > HD Industries. Land use. Labor
Journal of Economic Literature Classification System:	F - International Economics > F1 - Trade > F15 - Economic Integration E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E24 - Macroeconomics: Employment; Unemployment; Wages; Intergenerational Income Distribution (includes wage indexation) E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations; Cycles F - International Economics > F2 - International Factor Movements and International Business > F21 - International Investment; Long-Term Capital Movements
Sets:	Collections > Economists Online Research centres and groups > Centre for Economic Performance (CEP)
Rights:	http://www.lse.ac.uk/library/rights/LSERO.htm
Identification Number:	684
URL:	http://eprints.lse.ac.uk/19897/

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