Italy do relatively poorly. Yet the explanation for this ranking – one that holds even after adjustment for GDP and socio …

differences in (short-term) GDP fluctuations between origin countries and U.S. states, and perhaps to (long-term) trend GDP … differences as well. More specifically, short-run GDP fluctuations pull less-educated male immigrants into certain U.S. states …, whereas GDP trends push less-educated male immigrants out of their countries of origin. Effects for less-educated women are …

-being responds negatively (positively) to an increase in the GDP (unemployment rate) of their home country. That is, we originally …

contracts and positive inflation. Workers with relatively low incomes experience envy, whereas those with relatively high … incomes experience guilt. The former seek to raise their income, and latter seek to reduce it. The greater the inflation rate …, a rise in the inflation rate leads workers to supply more labor over the contract period, generating a significant …

and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …

-run inflation-unemployment tradeoff. …

money growth leads to higher inflation and higher unemployment, so the long-run Phillips curve is not vertical. The optimal …