This Selected Issues paper examines macroeconomic impact of migration in Australia. Migration in Australia has … become even more important as the population natural growth rate declines. Australia attracts some of the best … high labor force participation rates and low unemployment. Disentangling macroeconomic effects of migration from drivers of …

This Selected Issues paper analyzes inflation dynamics in Australia, with a special focus on wages. The paper finds … inflation dynamics in Australia are similar to what is seen in most advanced economies in recent quarters, with inflation … remain subdued, given robust evidence of the Phillips curve relationship in Australia, it is expected to pick up. Inflation …

inflation since 2010 have led to a reevaluation of Brazil’s long-term potential growth rate. Growth accounting suggests that … dividend of a rapidly expanding labor force is fading and further structural declines in unemployment are likely to be limited …

This Selected Issues paper for South Africa presents a quantitative analysis of inflation dynamics in the country. The … inflation. Exposed to exchange rate and other shocks, the model confirms that a delayed policy response to inflation shocks … leads to persistently higher inflation rates and, subsequently, to a sharp real contraction of the economy. …