Dutch Disease, Unemployment and Structural Change
研究发现即使在澳大利亚这样的资源丰富经济体，荷兰病对失业的影响也很小。通过估计包含摩擦性失业的开放经济模型，量化了商业周期冲击和结构变化如何共同影响总体失业。
Abstract We find that Dutch disease effects on unemployment are small even in a commodity‐rich economy like Australia. Using an estimated open‐economy model with frictional unemployment, we quantify how business‐cycle shocks and structural changes shape aggregate unemployment. A permanent rise in commodity prices in the 2000s appreciated the real exchange rate and temporarily increased unemployment, but its effect was offset by a gradual, secular decline in the disutility of work in the non‐tradable sector, a key driver of long‐run structural change. Shifting preferences toward non‐tradables, together with non‐commodity shocks, account for most of the observed unemployment dynamics.