摘要：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.
关键词：unemployment persistence, unemployment volatility, international capital flows,
OECD countries
