Bentolila, Samuel; Dolado, Juan J.; Jimeno, Juan F. - In: European Economic Review 52 (2008) 8, pp. 1398-1423
The Phillips curve has flattened in Spain over 1995-2006: Unemployment has fallen by 15 percentage points, with roughly constant inflation. This change has been much more pronounced than elsewhere. We argue that this stems from the immigration boom in Spain over this period. We show that the New...
