of an aging population and a declining working age population, hence highlighting the pertinence of immigration as a … factors on those features, resorting to panel data analysis. Focusing on the EU15 and US economies, with data ranging from … the pertinence of immigration as a possible solution. …

An immigration shock has an ambiguous effect on inflation. On one hand, aggregate consumption increases with a suddenly …. The response of an inflation-targeting central bank to an immigration shock is, therefore, not obvious. We study these … country that has experienced a substantial immigration flow in recent years …

We assess the sustainability of public finances in the EU15 over the period 1970-2006 using stationarity and … policy was sustainable both for the EU15 panel set, and within subperiods (1970-1991 and 1992-2006). …