Spain over this period. We show that the New Keynesian Phillips curve is shifted by immigration if natives' and immigrants …' labour 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 …

We estimate empirically the effect of immigration on house prices and residential construction activity in Spain over … the period 1998-2008. This decade is characterized by both a spectacular housing market boom and a stunning immigration … wave. We exploit the variation in immigration across Spanish provinces and construct an instrument based on the historical …

of immigration on native workers. Instead, using data from Spain, where the immigrant population has risen from 4 percent …Learning about the impact of immigration on the labor market outcomes of natives is a topic of major concern for … immigrant-receiving countries. There exists an extensive literature evaluating the impact of immigration on the employment and …

In recent years, Spain has received unprecedented immigration flows. Between 2001 and 2006 the fraction of the … (relative to population), immigration increased the high school dropout population by 24%, while only increasing the number of … large expansion of employment in high immigration regions. Specifically, most industries in high-immigration regions …

-unemployment tradeoff for Spain and examine how recent policy changes have affected it. …