The Free Movement of Workers in an Enlarged European Union: Institutional Underpinnings of Economic Adjustment -- The Redistributive Impacts of Migration after the EU's Eastern Enlargement -- Migration in Italy is Backing the Old Age Welfare -- Migration 10 Years After: EU Enlargement, Closed...

Labor mobility is commonly taken as a property of an optimal currency area. But how does that property affect the outcome of fiscal policies? In our model, we show that perfect (costless) labour mobility is not necessarily welfare improving, since it prevents the national fiscal authorities from...

We study macroeconomic dynamics and optimal monetary policy in an economy with cyclical labor flows across two distinct regions sharing trade links and a common monetary framework. In our New Keynesian DSGE model with search and matching frictions, migration flows are driven by fluctuations in...