The eastern enlargements of the European Union (EU) and the extension of the free movement of workers to the new member states' citizens unleashed significant east-west migration flows in a labor market with more than half a billion people. Although many old member states applied transitional...

The paper studies the impact of unemployment benefits on immigration. A sample of 19 European countries observed over the period 1993-2008 is used to test the hypothesis that unemployment benefit spending (UBS) is correlated with immigration flows from EU and non-EU origins. While OLS estimates...

This paper takes up the question of whether market concerns about global imbalances in general, and the US external deficit in particular, are well founded. It reviews four arguments bearing on how concerned we should be about the widening of the US current account deficit since the Asian...

The paper studies the impact of unemployment benefits on immigration. A sample of 19 European countries observed over the period 1993-2008 is used to test the hypothesis that unemployment benefit spending (UBS) is correlated with immigration flows from EU and non-EU origins. While OLS estimates...

This note develops four alternative estimates of the trade-related impacts of the United Kingdom seceding from the European Union. We contrast two basic scenarios: an exit that re-sets the UK's relationship with the rest of the EU to a WTO-rules most favoured nation basis (“Brexit”), versus...