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We build a two-country version of the model in Gali & Monacelli (2005), which extends for a small open economy the new Keynesain DSGE model used as tool for monetary policy analysis in closed economies. A distinctive feature of the model is that the terms of trade enters directly into the new...
Persistent link: https://www.econbiz.de/10012038711
This paper derives alternative measures of the short-run NAIRU (SRN) for the UK, the rate for unemployment at which inflation will neither increase nor decrease in the short-run. We estimate the NAIRU jointly with price equations by using the Kalman filter. Our work suggests that both structural...
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This paper evaluates the impact of immigration on the labor market outcomes of natives in France over the period 1962 … immigrant share across education/experience cells and over time to identify the impact of immigration. In the Borjas (2003 …) specification, we find that a 10% increase in immigration increases native wages by 3%. However, as the number of immigrants and the …
Persistent link: https://www.econbiz.de/10008822905
affect the nature of the immigration inflow can effectively reduce native income losses and dampen adjustment dynamics in … regional labor markets. One such intervention is to distribute the inflow more evenly over time. Smaller immigration inflows …
Persistent link: https://www.econbiz.de/10011452756
The aim of this paper is to discuss the external and internal validity of the newly created Immigration Policies in … consistent dimension comprising immigration policies for the fields of labor migration, family reunification, and asylum seekers … other indices that measure immigration policies. …
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accession affects income gaps. Moreover, if EU membership is refused, fear of future restrictions on immigration will lead to … increases in migration flows from Spain, Portugal and Greece were observed. We conclude that granting EU accession to Eastern …
Persistent link: https://www.econbiz.de/10013428311