While often a regional or national approach has been used to analyze the economic effects of migration, recent evolutions have shown that the role of firms is extremely important in better understanding this phenomenon. On many occasions, it is firms choosing the migrant workers and initiating...

Global productivity growth—the key long-term driver of living standards—fell sharply following the global financial crisis and has remained sluggish ever since. This decline has been associated with subpar global economic growth and record-low real interest rates. If sustained, low...