Bentolila, Samuel; Dolado, Juan J.; Jimeno, Juan F. - Banco de España - 2008
Spain over this period. We show that the New Keynesian Phillips curve is shifted by immigration if natives' and immigrants …' labor supply or bargaining power differ. Estimation of the curve for Spain indicates that the fall in unemployment since …The Phillips curve has flattened in Spain over 1995-2006: unemployment has fallen by 15 percentage points, with roughly …
